CHAPTER 7 BANKRUPTCIES
Wipe 'em out!*

The Truth About Chapter 7 Bankruptcy
(Straight Bankruptcy)

By filing bankruptcy you automatically put a stop to:
Collection Calls    Garnishments    Pending court dates    Foreclosure    Repossessions

The number one worry of people coming to Skrupa Law Office, LLC concerns what possessions they will get to keep and what they will have to give up in a bankruptcy. First of all, know that 8 out of 10 people filing for bankruptcy get to keep all their household items. Bankruptcy can stop these repossessions from happening. Secondly, know that a good, experienced attorney from Skrupa Law Office, LLC can use the complexity of bankruptcy laws to your advantage, maximizing what you keep and minimizing what you have to give up.

In Chapter 7 bankruptcy (often misspelled as bankrupcy), you don't necessarily have to pay any of the principal back. Some people end up just paying their interest charges and late fees for 3-5 years and then having the slate wiped clean. This is often common if you have large debt defaults on your credit cards.

If you are behind in house payments and facing foreclosure, however, Chapter 7 will force you to either pay the full amount or simply give up the house. Some people actually find this to be a good option, because when you lose the house, you lose all the ongoing responsibility that goes with it.

Bankruptcy can be a wonderful thing - it can erase debts in 3 to 5 years, no matter how big they are. The greatest thing, perhaps, about filing for bankruptcy is that it immediately stops all creditor harassment, creditor phone calls, lawsuits, and wage garnishment. Don't feel ashamed of contemplating bankruptcy.

Remember, it happens to the best of us.
Even United Airlines has filed!

For more information about bankruptcies, be sure to check out our Bankruptcy Frequently Asked Questions. But in the end, only an experienced attorney can tell you whether a Chapter 7 bankruptcy is best for your particular financial difficulties. Our Omaha and Lincoln Chapter 7 lawyers don't mess around; they don't need to ask you a hundred questions. They'll know quickly if you need a bankruptcy, and then they'll tell you in a plainspoken way what you'll need to do.

Here are some of the most commonly asked questions:

Q: What do I get to Keep? What do I Have to give up?
A: In MOST situations you will get to keep most everything. You'll get to keep your clothing, household furnishings, autos (up to a certain value). The law will let you keep all of your "exempt" property.

Q: Do I have to give up my house or auto?
A: You won't have to give up your house or auto unless you WANT to give them up.

Q: If I have a checking account can I keep that open and still write checks?
A: Yes. You can keep your account open. But you'll have to give up your credit cards.

Q: Can I make payments to Skrupa law office?
A: Sure, no problem. Plus we'll start taking creditor calls for you right away! Your bankruptcy will be processed upon your final payment.

To help speed up the bankruptcy process,   fill out our form to help us better understand your current financial situation.

For a free initial phone consultation, or a free home appointment, contact our law office immediately. We serve the entire Central and Eastern Nebraska areas, including Omaha, Lincoln, Bellevue, Beatrice, Columbus, Douglas County and Lancaster County.

Compassionate Guidance
Through Your Troubled Times

Skrupa Law Office, LLC

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

*Everything Legally Discharged