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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2897
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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How does someone with zero assets file for bankruptcy and

Customer Question

How does someone with zero assets file for bankruptcy and receive legal help or is there a easy way to file for a zero value estate?
Submitted: 7 years ago via LawyersGuide.
Category: Bankruptcy Law
Expert:  Terry L. replied 7 years ago.
A chapter 7 may be the best option if you do not have any significant assets for liquidation. The court will allow discharge of all the unsecured debts in about 90 days, giving you a fresh start. You should contact a local bankruptcy attorney to review your situation, confirm that your assets are exempted (protected) review your budget to confirm that chapter 7 will be the best option. Most offer free consultations and can be very informative. Thank you and good luck.