If you need a way out from under your debt, our Davenport chapter 7 bankruptcy attorneys will educate you on your options and provide you with a cost-effective fresh start. We are proud of our affordable rates and above-and-beyond personalized service.
Please contact our friendly
Davenport Chapter 7 Bankruptcy Attorneys
at our nearest location to schedule a free consultation:
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.
Davenport chapter 7 bankruptcy lawyer Kevin O'Flaherty discusses the chapter 7 bankruptcy process in this Learn About Law episode.
Our Davenport bankruptcy attorneys discuss the steps required to prepare your bankruptcy petition. Before filing, you are required to complete an online credit counseling course. These are usually relatively short and the expense is nominal.
Our Davenport Bankruptcy and debt resolution attorneys will work with you to help you provide us with information regarding your assets, liabilities, income and expenses. After a meeting with the creditors, your case will be heard in the appropriate court where your bankruptcy will then be discharged.
In this video, we explain when it makes sense to file a Chapter 13 bankruptcy rather than a Chapter 7 bankruptcy.
Keeping your home or vehicle often depends on how much equity you have in each piece asset. For example, the equity in a property is determined by the most current resale value minus the principle balance of any loans secured by the property.
If you do file for the bankruptcy, the trustee will seek collection of your assets to fulfill your debts. The Bankruptcy Code and laws in Davenport states that a portion of equity in particular types of property can be exempt from collection. These exceptions on the property you decide to keep in order to avoid the trustee collecting them on your behalf. For example:
Davenport attorney explains the Chapter 13 bankruptcy process.
Once our Davenport bankruptcy attorneys file your bankruptcy petition, we accompany you to the “First Meeting of Creditors.” While this seems intimidating, it's misleading considering creditors rarely attend these meetings. This meeting is between you, your attorney and the bankruptcy trustee assigned to your case. The trustee asks you preliminary questions and may do the following:
Once these questions are put on record and established, the trustee asks you questions regarding your schedules and finances. You can read a transcript of the bankruptcy trustee's usual questions here. Once the trustee enters a finding stating that you have no non-exempt assets for collection on your behalf they will recommend your debts be released. Once this happens, the case will close for a brief period. During this time creditors have the right to object to the discharge, which seems intimidating but rarely happens.Read more about the First Meeting of Creditors.