Debt collectors can be very persistent and make you feel pressured and helpless. When you can’t take anymore and are unable to make the necessary payments you might think about filing chapter 7 bankruptcy as an option.

During the chapter 7 bankruptcy process you will no longer be bothered by debt collectors. When the process is complete and you have been granted discharge you will be able to start rebuilding your financial foundation.

By filing chapter 7 bankruptcy, you are asking the court for help in settling all your debts. Once you qualify, the court will then appoint a trustee to handle your case.

In order to pay off your debts it will be the task of the trustee to liquidate all of your property and assets into cash. The trustee also disperses the cash amongst your debtors.

First, the trustee will have to take care of you. That means he should not leave you penniless that you can’t live anymore. After your basic needs are taken care of, that is the time the trustee will start paying your creditors.

In the event that you own property or an asset that is needed for you to make a living (such as work tools/equipment) these items may be spared from liquidation. Additionally, any income you take in after filing for bankruptcy is going to be yours to keep and safe from creditors.

Speaking to a chapter 7 bankruptcy attorney will help you know how all this is done.

Chapter 7 bankruptcy is a complicated process and your attorney is there to take you through the process and be there for you every step of the way.

He will start by asking you to take the “means test”. This test determines whether or not your income is equal to or lesser than the average state income. The means test is a requirement before you are allowed to file your petition for bankruptcy.

Once the court grants your petition, the “automatic stay” comes into play. That means your creditors are then lawfully prevented from pursuing anymore collection activities targeting you. They will instead be pointed to the direction of your trustee.

Filing chapter 7 bankruptcy is your simplest and fastest way out of bankruptcy. You can get a discharge usually after 4-6 months.

Looking to find the best advice on filing bankruptcy, then visit www.changandcarlin.com to find information on bankruptcy law for you.