Learn about Chapter 7 bankruptcy

For those who qualify through income requirements, Chapter 7 bankruptcy can help to eliminate many types of debts. In this process, any property not protected through exemptions is sold by the trustee to repay debts. However, many items are protected. Chapter 7 eliminates any unsecured debt a consumer has.

Chapter 7 offers extensive benefits:

• Much of your property is protected
• Repossession actions, garnishments, and liens frozen
• Stops foreclosure through automatic stay
• Can help you to keep paying on non-dischargeable debts
• Eliminates most of your legal requirements to repay debt
• Eliminates debts such as credit cards, medical bills, and personal loans

There are limitations to Chapter 7. Come in to speak to our aggressive attorney to discuss the means test (which you must pass in order to file) as well as any garnishments  or foreclosures you are struggling under.