Bristle & Yi Law, PLLC

Chapter 7 Is The Fresh Start Bankruptcy Option

Chapter 7 is often referred to as the liquidation bankruptcy process because assets of value are sold or liquidated to satisfy creditor claims. A more accurate description is the fresh start bankruptcy process, because it allows you to eliminate your debt. You get to move forward with an entirely clean financial slate.

At Bristle & Yi Law, PLLC, we understand that bankruptcy can be stressful and emotional for you. We will do everything we can to make the process easier for you, including giving you direct and honest advice so you know exactly what to expect. Attorney Joanne Yi has spent more than a decade practicing bankruptcy laws.

Call 703-278-2027 to schedule a free initial consultation at our office in Manassas, Virginia.

What Should You Know About Chapter 7 Bankruptcy?

You must qualify for relief under Chapter 7 bankruptcy. A specific calculation called the means test is used to determine your eligibility. The calculation is based on your median income; however, you may still be able to qualify even if you earn a significant monthly income.

There are a few other important things to know about the process:

  • An automatic stay stops all collection activity immediately: An automatic stay is a type of injunction that prohibits collectors from calling, stops foreclosure proceedings and allows you to halt the garnishment of your wages or bank accounts.
  • Exemptions let you keep certain assets: A fresh start would not be possible if you had to replace everything. Exemptions allow you to protect certain assets from creditors, including furniture, clothing, jewelry, retirement accounts and a motor vehicle.
  • You can exit from bankruptcy relatively quickly: It takes only a matter of months to complete the process if there are no assets for the trustee to liquidate.
  • Full disclosure is crucial: We need to know your entire financial picture to provide you with the best results possible.

Get Exceptional Legal Advice Without An Additional Financial Burden

If you are considering bankruptcy, you are already dealing with overwhelming debt. We believe that you should never have to take on an additional financial burden to understand your options for debt relief, which is why we offer free initial consultations.

Call our office at 703-278-2027 to schedule your meeting with our lawyer. You can also send us your information, and we will reach out to you.

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


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Bristle & Yi Law, PLLC
9200 Church Street
Suite 202
Manassas, VA 20110

Phone: 703-278-2027
Phone: 703-454-0701
Fax: 703-649-6368
Manassas Law Office Map