When it comes to managing a precarious personal- or business-related financial situation, having a resource that you can turn to for aid is vital. At Northern Law Firm, we are here to help individuals navigate the stressful and complex chapter seven bankruptcy process. With several years of experience in this area of the law, Van Northern has the knowledge to represent you. As a chapter seven lawyer, he has handled a series of similar cases and knows how to negotiate the terms of your bankruptcy agreement.

What Is Chapter Seven Bankruptcy?

If you’re looking to work with us during your bankruptcy process, it’s crucial that you know what makes chapter seven different from other types of filings. Chapter seven, otherwise known as liquidation bankruptcy, includes liquidating your assets to pay off your debts. Personal possessions, titles for your car, and other investments are all subject to resale in order to pay off your debts. So it’s vital that you have a qualified chapter seven bankruptcy attorney on your side who can help negotiate these terms.

Can You File for Chapter Seven Bankruptcy?

Individuals and businesses alike can both file for chapter seven bankruptcy. But it’s important to know that the expected duration of these filings is much shorter than that of chapter 13. In these cases, payment is expected within three to five months, only allowing for the time it takes to sell your assets. Because of this, it’s important to consider the timeline between your initial filing and your liquidation ability very carefully. This is also where a reputable chapter seven bankruptcy lawyer can help you.

Are you interested in learning more about chapter seven bankruptcy and how to start the process off right? Contact our chapter seven lawyer today. Mr. Northern will work hard to represent you as you need and direct you through this potentially stressful situation. While filing for bankruptcy is never an easy task, we can help every step go as smoothly as possible.