Chapter 7


The Law Offices of Allen A. Kolber, Esq. files Chapter 7 Bankruptcy cases for individuals and families who have no assets and whose household income falls below the average household income of a similar family living in the same county.

Most of our Chapter 7 bankruptcy clients are:

  • They have suffered a loss of employment, divorce or serious medical issues.
  • middle class families with both spouses working
  • own a home or condo
  • they have paid for their children's college educations, or are currently paying their children's student loans.
  • one or both spouses has a college or Masters Degree

Our typical Chapter 7 Bankruptcy clients end up keeping the following exempt assets:

  • $21,000 worth of personal property;
  • Up to $4,000 worth of a motor vehicle;
  • Up to $300,000 in Homestead Exemption (equity in your home);
  • Up to $1 million in IRA, 401(k), Keogh, Social Security, Unemployment, Disability, Public Assistance, Worker's Compensation, or Veteran's Benefits;
  • $3,000 in tools of the trade;
  • Up to $7,500 in payment for personal injury;
  • Unlimited court ordered alimony, maintenance or child support;
  • Ninety percent of all income receive within 60 days before filing your bankruptcy case;

Our typical Chapter 7 Bankruptcy clients end up discharging most of their unsecured debt:

  • medical debt
  • credit card debt
  • bank lines of credit
  • personal loans
  • car loans (only if they wish to give up their car)
  • Mortgages (only if they want to give up their homes)