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Hinkle Law

Hinkle Law

Hinkle Law

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We Can Offer You a Way Forward To Financial Freedom

Chapter 7 Bankruptcy in Martinsburg

What is Chapter 7 Bankruptcy, and is it best for you? Let us guide you to the best course of action.

Chapter 7 Bankruptcy is the most common type of bankruptcy filed. It makes up a large percentage of the bankruptcy cases that Hinkle Law files in West Virginia. Approximately 1 million people file for Chapter 7 bankruptcy protection each year.

Many people ask, “What is Chapter 7?” As you have read, it is quite common, and you may know it by a different name. Chapter 7 Bankruptcy is typically called “liquidation” or “total” bankruptcy, but these names are misleading.

In almost all cases, consumers will get to keep their assets and property, including:

The purpose of bankruptcy law is to give you a fresh start. If you had to sell all of your assets in order to get out of debt, it would make it very difficult for you to get a fresh start.

The amount of assets that you can protect varies from state to state, so you definitely need to get advice from a qualified lawyer such as David Hinkle.

In general, if you meet the income qualifications, you will not be required to pay back any of your unsecured debts in a Chapter 7 Bankruptcy. Unsecured debts most commonly include credit cards and medical bills. However, they can also include payday loans, signature loans, overdraft lines of credit, and personal loans.

According to recent studies, what is found is that the most common cause of Chapter 7 Bankruptcy is medical debt. The rising costs of medical care have caused many consumers to fall behind on their medical bills or caused them to use credit cards to pay for medical and prescription costs.

The job market has left many people without health care coverage. For those without insurance, a car accident and a trip to the emergency room can equal tens of thousands of dollars in medical bills. Additionally, those with health care coverage have seen a decrease in coverage and an increase in deductibles.

After being suffocated by rising debt, you may ask, “what is my option now?” Chapter 7 Bankruptcy is an option and can be an extremely useful tool in getting back on the right financial path. Give us a call today at (304) 885-1643, and let us help you get back on your feet.

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    Why We Suggest You Get Started Right Away for Bankruptcy Ease

    October 12, 2022

    If you are dealing with serious financial distress and you are considering bankruptcy, you are … Read More about Why We Suggest You Get Started Right Away for Bankruptcy Ease

    The Journal’s 2020 Best of the Best Bankruptcy Lawyer

    October 12, 2022

    Wow! We at Hinkle Law are honored and privileged to see David J. Hinkle selected as The Journal’s … Read More about The Journal’s 2020 Best of the Best Bankruptcy Lawyer

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    Just started this ugly process. But him and his staff are amazing. Very fast to respond to any questions I may have. I would definitely recommend them 100% to anyone who is looking into trying to(...)

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    Hinkle Law is professional, prompt and make you feel at ease! I highly recommend them.

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    Mr. Hinkle and staff were very helpful with super fast service when I needed it most, would highly recommend.

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    With Over 18 Years of Bankruptcy Experience, We Have Helped Thousands of People Get Relief From Millions of Dollars Worth of Debt.

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    230 W. King Street
    Martinsburg, WV 25401
    (304) 885-1643
    152 W. Washington Street Hagerstown, MD 21740
    (240) 226-3312
    232 Capitol Street, Suite 208 Charleston, WV 25301
    (304) 944-0571

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    (304) 592-4609

    David@hinklelawpllc.com

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