Chapter 7 Bankruptcy

Chapter 7 bankruptcy is often called the liquidation chapter of the bankruptcy code. Under a
Chapter 7, your property and assets are evaluated and whatever is not exempt is given over
to a Trustee.
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It is important to know that many types of personal property are considered exempt, meaning
that you do not lose them in the bankruptcy. At the end of the process, most debts are
eliminated.

The First Step
It begins with a free consultation. We will explain the bankruptcy process. We wll help you
understand what assets and property you will be able to keep, what you might have to surrender
or give up in the bankruptcy, and what debts will be eliminated.

Debt Elimination
Many kinds of debts can be eliminated, or discharged, including:
  • Credit card debt
  • Medical bills
  • Personal loans
  • Lines of credit
  • Pay-day loans
  • Auto title loans
  • Many types of lawsuit judgments
Some debts, like student loans and child support obligations, usually cannot be eliminated under any kind of bankruptcy.

 

Call or e-mail us today for an appointment.