Struggling with finances and mounting debt can be a very stressful and trying time. It may feel like you have nowhere to go or not have anyone to rely on. Attorney Byron K. Shive in Bolivar, Missouri can help.
Understanding the complex bankruptcy laws can be difficult-especially while doing so under financial strain. Will I lose my house? Can I keep my car? What debts will be discharged? What are exemptions? How does the Means Test work? How can Chapter 7 bankruptcy help me? All of these questions and more will be answered in easy-to-understand language and terminology.
If you are facing enormous amounts of debt and need to make a new start, bankruptcy is probably your best option. Liquidation bankruptcy is another term for chapter 7 bankruptcy. This method of debt elimination is used by people with lower incomes, and is done by selling off most if not all of your assets, such as your car or house, to rid you of any debt.
The U.S. Bankruptcy Code allows for the exemption of certain types of assets in bankruptcy, which shields those assets from being seized by your bankruptcy trustee. The State of Missouri has opted out of the federal exemption scheme, which means that Missouri exemptions will be used to protect certain of your assets in most cases.
Learning more about bankruptcy exemptions and how they would apply to your specific situation is a key component of your free initial Chapter 7 bankruptcy consultation. Attorney Byron K Shive has valuable knowledge and experience working with those that are facing bankruptcy. Since 2008, Byron has helped countless clients turn their life around by filing for bankruptcy and earning their financial independence back.
Speak to Chapter 7 bankruptcy attorney Byron K. Shive in today by calling or filling out the form below. He serves clients all throughout Bolivar, Missouri and its surrounding areas.