Is Chapter 7 Bankruptcy The Answer You Need?

Declaring bankruptcy is nothing to be ashamed of. During these trying times, more and more Americans are facing bankruptcy due to medical bills, divorces and unemployment. Federal law provides residents of Wyoming with the option of filing a bankruptcy petition in order to get a fresh start.

Chapter 7 Bankruptcy Relief — The Preferred Method Of Beginning Again

The most common type of bankruptcy relief is Chapter 7. Our firm represents clients in Chapter 7 bankruptcy proceedings throughout southeastern Wyoming. Our firm's attorney, Ms. Flot, is a skilled Chapter 7 bankruptcy lawyer who guides clients through the entire process.

We inform clients that approved Chapter 7 petitions discharge unsecured debt. This includes:

  • Credit cards
  • Medical bills
  • Foreclosure
  • Repossession
  • Signature loans

It is important to note that there are some kinds of debt that cannot be discharged in Chapter 7. This includes:

  • Student loans
  • Child support payments
  • Taxes owed to state and federal entities

This is a complex area of law, and we advise our clients that it is vital to contact an attorney for assistance before they become subject to garnishment and/or foreclosure proceedings.

One of the essential benefits of declaring bankruptcy is the automatic stay. With an automatic stay, most of your creditors will be prevented from collecting on debts while the bankruptcy is still proceeding. It buys our clients breathing room and time. For many clients divorcing due to financial problems, it is important to note that they should file for bankruptcy before they file for divorce.

Don't Liquidate Assets

One of the tragedies of bankruptcy relief is that sometimes clients liquidate IRAs and 401(k)s to pay off debt before finally declaring bankruptcy. Our office can help you protect much of your retirement savings that can be exempt from discharging debt you owe. Before you compromise your future retirement, consult with attorney Flot to determine the best course of action. We offer a flat fee for bankruptcy filings.

Call For A Free Consultation

Call our office at 307-316-4188 or email the office for more assistance. The sooner you act, the more of your assets our Cheyenne law office can protect.

The Law Office of Shelly Kay Flot, PC, is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.