When you have to file for chapter 7 bankruptcy you could feel at a loss. That is why you can call Eric Ollason Attorney at Law LLC a Benson bankruptcy law firm to help you understand the process. Chapter 7 bankruptcy is the one that is liquidating your assets. While this will vary state by state, in Arizona the exempt items are a car worth six grand per spouse and a house of 150 thousand. It is important to note that this law firm is dedicated to serving Benson and the surrounding areas through any bankruptcy hardships. They are there to help their community get a better handle on their finances in a time when they think they have no other options.
The whole point of chapter 7 bankruptcy is to help get all your assets turned into cash to pay for your debts. A chapter 7 bankruptcy attorney Benson knows that your entire estate is valued as the day you filed for bankruptcy. If you have any other cars, houses, or possessions those will be liquidated to pay for your debts. Hiring from Eric Ollason Attorney at Law LLC a bankruptcy law firm in Benson is one of the best things you could ever do for your bankruptcy case.