Brazil Chapter 7 Lawyer

Significant debts can take their toll when you can’t seem to get caught up. Get in touch with a Brazil Chapter 7 bankruptcy lawyer today for help formulating a plan that will clear your financial reputation and give you a fresh start.

When you barely make enough money to cover the expenses necessary for survival, such as rent and groceries, tackling the pile of debt you’ve incurred over the years can seem like an impossible feat. If this sounds like your situation, it might be in your best interest to consider filing for Chapter 7 bankruptcy.

Chapter 7 bankruptcy should be among your last options for curing your debts. With a qualified Brazil Chapter 7 lawyer at Rowdy G. Williams Law Firm by your side, you can be sure that, if we advise that Chapter 7 is the only viable option to secure your financial future, it will be because doing so gives you the opportunity to rid yourself of the debts that have been holding you back.

The Requirements for Chapter 7 Bankruptcy

People who have a mountain of debts with no feasible way to repay them can file for Chapter 7 bankruptcy. This includes individuals, corporate offices, small business owners, and anyone else who can’t seem to find another way out of financial distress. You also need to meet certain income requirements—being at or below the median poverty level—to qualify for Chapter 7.

What to Expect When You Choose Chapter 7 in Brazil

Before you’ll be able to officially file for Chapter 7 bankruptcy, you’ll need to complete credit counseling and provide a certificate of completion, along with your disclosure statement. A disclosure statement contains information about the income and expenses of both you and your spouse, a list of your debts and creditors, a financial statement, and an inventory of your assets and liabilities.

Once you’ve filed this paperwork, a judge will enact an automatic stay that will prevent creditors from continuing to pursue your debts. At this time, you’ll begin to go over your debts with creditors to clear up any discrepancies and negotiate the terms of your discharge. You’ll also be able to sign a reaffirmation agreement if you are hoping to retain possession of select items like your vehicle or home.

What Happens When You’ve Met Your Obligations

We will come to an agreement with your creditors, and your case trustee will then disperse the funds raised from the sale of your belongings accordingly. Once you’ve met your obligations, your debts will be effectively erased, although your Chapter 7 bankruptcy will remain on record for ten years thereafter.

Call a Brazil Chapter 7 Attorney

The decision to file for Chapter 7 bankruptcy should never be taken lightly. Your disposable income will need to be relinquished, and your assets will be sold to pay off your creditors. Thankfully, once you’ve done everything asked of you, your debts will be discharged so you can breathe a sigh of relief—this trying time in your life has come to an end.

The assistance of a Brazil Chapter 7 lawyer at Rowdy G. Williams Law Firm can make this process easier to understand and ease your mind—you’ll know there is a highly trained professional backing you up every step of the way. You can set up your free consultation today by filling out the quick contact form below or calling our office at 1-812-232-7400.