Chapter 7 Bankruptcy is a Great Option to Help You Keep Your Car
Transcript:
Hi. Matt McArthur. Bankruptcy attorney at Clear Counsel Law Group. It's a common misconception that if you have a house or a car and you're facing financial troubles, that the only bankruptcy option available to you is Chapter 13 bankruptcy.
I can't tell you how many calls our office receives on a regular basis of individuals interested in filing for bankruptcy to resolve their outstanding debt, but they're under the impression that they have to file for Chapter 13 bankruptcy because they own these items and they wish to retain them.
That's simply not the case in every one situation.
Many of these individuals that come in for a consultation find that Chapter 7 bankruptcy is a much better solution to their financial problems, and they're able to keep their car, they're able to keep their house, and they're able to quickly and efficiently eliminate the outstanding debt that they do have.
If you're concerned about filing for bankruptcy and you have a house or a car that you want to keep, please come in and speak with me, an experienced bankruptcy attorney.
I'll let you know exactly what filing a Chapter 7 bankruptcy would look like, and what filing a Chapter 13 bankruptcy would look like, and how that would affect your ability to keep your car or your house. Hope to hear from you soon.
