Rhode Island
Chapter 7
Bankruptcy
Lawyer
Bankruptcy Services For
Financial Freedom
- Authors: Oscar Wilde and Thomas Paine.
- Singers: Tom Petty, Jerry Lee Lewis, Ted Nugent, Merle Haggard, Tammy Wynette, Johnny Paycheck, Toni Braxton, Marvin Gaye, David Cross and George Jones.
- Actors: Mickey Rooney, Don Johnson, Kim Basinger, Lynn Redgrave, Lorraine Bracco, Randy Quaid, Lorenzo Lamas, Margot Kidder, Zsa Zsa Gabor and Redd Foxx.
- Movie and television icons: Dino De Laurentiis and Ed McMahon.
- Professional Athletes: boxers Joe Louis and Leon Spinks, football great Johnny Unitas, & professional tennis player Bjorn Borg.
- Business giants who filed either personal or business bankruptcy: H.J. Heinz, founder of Heinz Ketchup; P.T. Barnum of Barnum & Bailey Circus; & Charles Goodyear of Goodyear Tire Company.
” Don’t let shame or fear keep you tied to unmanageable debt “
What Is Chapter 7
Bankruptcy
Chapter 7 bankruptcy is the most common type of bankruptcy. It is for people who simply cannot repay their debt even under the best of circumstances. In most cases, people filing for Chapter 7 bankruptcy do not have to repay any of their debts.
Chapter 7 bankruptcy is the best option for people who have suffered long-term unemployment or other loss of income, have unmanageable credit card or payday loan debt , and for families who owe thousands of dollars of medical debt.
Should You File
Chapter 7 Or
Chapter 13?
Your home mortgage and car loan will be treated differently under Chapter 7 or Chapter 13 bankruptcy. Providence Chapter 7 bankruptcy lawyer John Simonian will review your situation and explain whether Chapter 7 or Chapter 13 is the best way to reach your goals.
401-941-4800
” A Trusted Law Firm, Dedicated To Your Financial Freedom “
What Happens
After You File
For Bankruptcy?
Immediately after you file bankruptcy, federal law imposes an “automatic stay” to stop your creditors from collecting on your existing debt. Filing also temporarily stops a home foreclosure proceeding.
The Bankruptcy Court Clerk will mail your creditors a notice of the bankruptcy filing within a few days. Until your creditors receive that notification, you may need to supply them with the docket number and date of your bankruptcy. Once they have been given notice, they must stop collection efforts or be liable for court sanctions.
The vast majority of people no longer hear from unsecured creditors once their bankruptcy petition is filed. Most of your debt payments are put on hold while your bankruptcy is pending. However, you should continue to pay your car loan and home mortgage if you plan to keep your car and home. Always continue to pay your day-to-day living expenses, like rent, groceries and utilities.
About 30 to 40 days after filing the bankruptcy petition, you will be required to attend a “Meeting of Creditors” or “Section 341(a) Examination.” There is no judge at this hearing, only the bankruptcy trustee in charge of your case. Creditors can attend and can ask you questions but they very rarely show up for such hearings. Most hearings last about 4 minutes, with the trustee asking you a few questions. (See a list of the questions most commonly asked at the Meeting of Creditors).
The success of your case will depend upon the written bankruptcy petition. You will work with Attorney Simonian to ensure that the petition is complete and accurate.
Will You Lose Your
Property?
Immediately after you file bankruptcy, federal law imposes an “automatic stay” to stop your creditors from collecting on your existing debt. Filing also temporarily stops a home foreclosure proceeding.
The Bankruptcy Court Clerk will mail your creditors a notice of the bankruptcy filing within a few days. Until your creditors receive that notification, you may need to supply them with the docket number and date of your bankruptcy. Once they have been given notice, they must stop collection efforts or be liable for court sanctions.
The vast majority of people no longer hear from unsecured creditors once their bankruptcy petition is filed. Most of your debt payments are put on hold while your bankruptcy is pending. However, you should continue to pay your car loan and home mortgage if you plan to keep your car and home. Always continue to pay your day-to-day living expenses, like rent, groceries and utilities.
How Long Does
Chapter 7
Bankruptcy Take?
Chapter 7 bankruptcy typically takes 3 to 4 months to complete and then all of your debts are forgiven. You can truly start again.
” A Trusted Law Firm, Dedicated To Your Financial Freedom “
Bankruptcy Is Not
The End Of The World
Over the years, bankruptcy has become more commonplace. As our state and country experience ebbs and flows in economic challenges and job losses, personal finances are among the first to suffer, leading to great hardships. Bankruptcy is an acceptable and responsible way for addressing adversities and getting back on track.
If you are experiencing financial difficulties that are weighing you down and affecting your quality of life, contact bankruptcy Attorney John S. Simonian for a free consultation. It is the first step towards beginning your life anew.
401-941-4800
Have A Question? We Have Answers
01. Will everyone find out about my filing?
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02. Do you accept legal insurance plans?
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03. Do you accept legal insurance plans?
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04. What will happen to me once I file for bankruptcy?
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05. Will I have to give up any of my other property to creditors?
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06. Will bankruptcy harm my credit rating?
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Get bankruptcy help in Rhode
Island and Massachusetts
get back on solid financial footing.
Call 401-941-4800
About Me
John S. Simonian
As a trusted and respected individual in the profession, Attorney Simonian counsels individuals who need immediate debt relief from their creditors.
He is experienced and knowledgeable in dealing with your creditors, and protecting your rights.
Let them speak
for us!
customers!
Mario Speedwagon
Maureen Biologist
he & his staff were right on the ball. Got the job done timely & inexpensively. Made my life a lot better in the course of an afternoon. Thanks so much.”
Mario Speedwagon
Maureen Biologist
Contact Info
474 Broadway Pawtucket Ri 02860
401-941-4800
401-941-4800
john@law-ri.com
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474 Broadway Pawtucket Ri 02860
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