The Law Office of Duncan & Davis
Omaha Nebraska Chapter 7 Bankruptcy Attorneys
Chapter 7 bankruptcy is often referred to as “straight liquidation” bankruptcy. It is usually the most appropriate for individuals who feel that their financial situation has gotten so out of control that they need to wipe out all of their debts and have a “fresh start.” With a chapter 7 bankruptcy, you can typically discharge:
- Credit Card Debts
- Unsecured Debts
- Medical Bills
- Loans
- Personal Debts
- Some Business Debts
However there are considerable drawbacks to Chapter 7 liquidation bankruptcy. Some types of debts are not dischargeable. While your home is a type of exempt property that cannot be liquidated to pay off creditors, your remaining home mortgage may become accelerated due to the act of declaring bankruptcy. All forms of non-exempt property may be liquidated, such as:
- Cars/Trucks
- Luxury Items
- Boats
- Motorcycles
- Personal property over a certain value
- Non-residence property
Rebuliding Your Credit After Bankruptcy
Additionally, you will have to begin rebuilding your credit rating after declaring bankruptcy under Chapter 7. Our office provides a detailed guide to methods of rebuilding your credit score after your finances have gotten out of control. contact our Nebraska bankruptcy lawyers to receive detailed information. We have over 25 years of experience working in the field of bankruptcy law. We can give you accurate information on bankruptcy so you can make an informed decision.
Call our office at (402) 391-4904 to set up a FREE no-obligation consultation session in which our bankruptcy lawyers will carefully discuss your finances with you and inform you of all your bankruptcy options so that you can make the right decision.Duncan & Davis
Omaha, Nebraska Bankruptcy Attorneys
1910 S. 72 nd Street
Suite 304
Omaha, NE 68124-1734
Phone: (402) 391-4904
Fax: (402) 391-0088
E-mail: Contact Us
New Office Location:
Duncan & Davis PC, LLO
Pacific Street Office
6910 Pacific Street Suite 103
Omaha, NE 68106
(402) 934-4221
**Our office serves clients in Omaha, Nebraska and Council Bluffs, Iowa as well as the counties of Douglas, Pottawattamie, and all of Nebraska, and Iowa.