What is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy was established under the U.S. Bankruptcy Code and allows you to eliminate debt without having to set up payment plans with your creditors. If you file for Chapter 7 Bankruptcy, you can generally still keep your assets (your home, cars and retirement plans).

One of the primary purposes of Chapter 7 Bankruptcy is to provide relief to hard-working debtors by discharging debt – allowing honest individual debtors a fresh start.

Why do people choose Chapter 7 Bankruptcy?

Being swamped in bills is stressful, and debt often begets more debt – many people attempt to pay off existing debt with credit cards or by refinancing their homes. You do not have to take these drastic steps if you file for Chapter 7 Bankruptcy. Our Rhode Island bankruptcy lawyers can provide you with expert advice before it is too late.

Who can file for Chapter 7 Bankruptcy?

Not everyone is eligible for Chapter 7 Bankruptcy; unfortunately, there isn’t a standard test to figure it out. Sometimes people who make quite a bit of money are eligible, and sometimes people who make very little are not. If you’re a Rhode Island resident considering filing for Chapter 7 Bankruptcy, your first step is to visit the RI Bankruptcy Center for a free consultation.

How can Stephen Levesque, and the RI Bankruptcy Center, help you?

I’m an established Chapter 7 Bankruptcy lawyer, Rhode Island based and with first-hand knowledge of how our court systems work. Although no two cases are identical, I know the ins- and outs of Chapter 7 Bankruptcy law in Rhode Island – and I will help you determine whether Chapter 7 Bankruptcy is right for you. I’m a local Chapter 7 Bankruptcy lawyer; Rhode Island residents are my focus and I care about helping them get out of debt.

When should you contact a Chapter 7 Bankruptcy lawyer?

As a Rhode Island bankruptcy lawyer, I see too many people who wait too long to get help. First they get harassing calls from creditors, then they get sued and finally their wages are garnished. Do not be embarrassed! No one at our firm is here to judge you or make you feel like a failure.

All too often, as a last resort, people ‘cash out’ their retirement before coming to my office. If you are at that point, please stop. Most of the time cashing out your retirement will only postpone the fact that you are in financial trouble. What often makes it worse is that you end up paying income taxes on the money you take out. Please consult with us before taking any drastic steps that could deepen your troubles.

For a free consultation with an experienced rhode island bankruptcy lawyer, call the law office of Stephen Levesque at (401)490-4900; your call will be completely confidential and handled by an expert in RI Bankruptcy law.