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Fees & Costs To File
Chapter 7 bankruptcy requires a court filing fee, attorney fees, and a required credit counseling course. Fees may depend on which course of action is taken.
Chapter 7 Bankruptcy Attorneys
Chapter 7 may help you cancel debt and start fresh.
If medical bills, credit card debt, payday loans, garnishments, repossessions, or foreclosure pressure are making life feel impossible, Reynolds and Gold Law can help you understand whether Chapter 7 bankruptcy is the right path forward.
✓ Free bankruptcy consultation
✓ Stop creditor collection pressure
✓ Review your assets and options
Attorney Jon Gold
Helping Springfield-area clients find practical solutions for overwhelming debt.
Credit Cards
Chapter 7 may help eliminate unsecured credit card debt.
Medical Bills
Unexpected medical debt may be dischargeable in bankruptcy.
Garnishments
An automatic stay may stop wage garnishments after filing.
Collections
Filing may stop creditors from continuing collection efforts.
A Fresh Financial Start
Filing for bankruptcy is not easy, but you do not have to do it alone.
Our bankruptcy attorneys can guide you through the process of filing for Chapter 7 bankruptcy and help you pursue a fresh financial start.
At Reynolds and Gold Law, we can help you analyze your options, understand what property may be protected, and determine whether Chapter 7 bankruptcy is right for your situation.
How does Chapter 7 bankruptcy work?
Chapter 7 bankruptcy provides the opportunity to cancel many debts and start over with a cleaner slate. To file, you are required to list your debts, assets, property, household income, and expenses.
Once you file for Chapter 7 bankruptcy, an automatic stay can stop creditors from collecting on debts, including stopping garnishments.
Automatic Stay
Debt Relief
Asset Review
Fresh Start
Chapter 7 Filing Process
What you need to know before filing
Chapter 7 bankruptcy includes several important steps. Our team can help you understand what is required and what to expect.
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Property Exemptions
Exemptions help determine whether you may keep your house, car, or other property. Property deemed non-exempt could potentially be sold by the Bankruptcy Trustee.
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Credit Counseling
Before filing, you must complete a short credit counseling course. After filing bankruptcy, you must also complete a second counseling course.
Chapter 7 Video Resources
Short answers to common Chapter 7 questions
Choose a topic to open the complete written answer and its video. The linked-resource format keeps this page fast while directing each question to its strongest detailed page.
Documentation Needed
What should you gather for Chapter 7?
Having the right documents ready helps your attorney review your situation and prepare your filing more efficiently.
- Valid photo identification and proof of Social Security number
- Tax returns for the last two years
- Copies of pay stubs for the last six months
- Proof of fair market value for any real estate you own
- Vehicle value, loan balance, and monthly payment information
- Recent bank statements for all accounts
- Retirement account statements
- List of all assets you own
- List of all creditors you owe money to
- Disclosure of autos, motorcycles, and trailers owned
- Certificate of completion for required credit counseling course
Chapter 7 may allow you to cancel many types of debt.
Whether you are an individual or a business owner, filing for Chapter 7 bankruptcy may allow you to cancel several types of debt.
Credit card debts
Medical debt
Personal loans
Payday loans
Business debts
Court judgments
Past due rent
Some income taxes
Related Bankruptcy Topics
Bankruptcy help for the debt problems people face every day
Chapter 7 bankruptcy may be connected to several types of debt. Learn more about the specific financial issues that often lead people to consider bankruptcy.
Credit Card Debt
Learn how bankruptcy may help with overwhelming credit card balances and personal debt.
Medical Debt
Unexpected medical bills can become impossible to manage. Bankruptcy may offer relief.
Tax Debt
Some tax debt may qualify for bankruptcy relief depending on your situation.
Business Debt
Business debt can affect both your company and personal finances. Review your options.
Divorce-Related Debt
The financial impact of divorce can be difficult. Bankruptcy may help create a fresh start.
Payday Loans
Payday loans can create a cycle of debt. Legal options may be available.
Chapter 13 Bankruptcy
Chapter 13 may help if you need to stop foreclosure, repossession, or reorganize debts.
Bankruptcy Law Overview
Return to the main bankruptcy page to compare options and learn more.
Free Credit Report
Review your credit history before making decisions.
You can obtain a free credit report by visiting AnnualCreditReport.com. This federally authorized website allows you to request a free credit report from Equifax, Experian, and TransUnion.
Why it matters
Reviewing your credit report can help you identify creditors, check for inaccuracies, and better understand your financial picture before meeting with an attorney.
Take The Next Step
Find out if Chapter 7 bankruptcy is right for you.
A short conversation can help you understand your options, protect your assets, and decide the best course of action for your financial situation.
Ready to talk with someone?
Use the live chat button on this page, call the office, or send a message through the contact page.
The use of the Internet and this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship.