Chapter 7 Bankruptcy Lawyer in New Hampshire
Over 25+ years of Legal Experience!
Many differences between Chapter 7 and Chapter 13 of the United States Bankruptcy Code need to be understood when you are pursuing bankruptcy for debt relief. Chapter 7 bankruptcy is considered the straight or liquidation form of bankruptcy. Upon successful completion of your Chapter 7 bankruptcy, your non-exempt assets will be liquidated and your debts will be discharged. Exemptions are allowed to help you keep the property that is most important to you.
New Hampshire Bankruptcy Exemptions
In New Hampshire, both federal and state exemptions are available. The state offers a choice of either type of exemptions for individuals who are looking to file.
The New Hampshire homestead exemption allows for:
- $100,000 of real property or manufactured housing
- Motor vehicles up to $4,000
- Furniture up to $3,500
- Jewelry up to $500
- 1 cow, 6 sheep and their fleece, 4 tons of hay
Exemptions also exist for other types of property. All other assets will be liquidated to satisfy the creditors. I understand how important it is for you to have your property protected. I can help use the New Hampshire exemptions to your advantage so that you can make the most out of your Chapter 7 bankruptcy case. If federal exemptions can benefit you, I can review those options with you as well.
Filing for Bankruptcy Under Chapter 7
If you plan to file under Chapter 7 of the bankruptcy code, I can help you determine what your personal unsecured debts are.
Common debts that can be discharged include:
- Medical bills
- Credit card debt
- Utility bills
- Personal loans
- Department store debt
- Home loan deficiencies
- Car loan deficiencies
Many debts, however, cannot be discharged, including:
- Unpaid child support
- Unpaid alimony
- Student loans
- Court-ordered fines
Bankruptcy laws are created to help individuals ease their financial burdens. As your New Hampshire bankruptcy attorney, my goal is to help you obtain financial freedom. Filing on your own or merely with a paralegal's help with the paperwork can lead to disastrous errors and consequences. I can help you file successfully and yield the full benefits of bankruptcy, not matter which chapter you choose.
In order to file for Chapter 7 bankruptcy, you will need to take the means test, which will evaluate your median household income. If Chapter 7 is in your best interest, I can help you through the entire process.