Chapter 7 Bankruptcy
Chapter 7 bankruptcy allows most people to discharge unsecured debts. These are debts that do not have any collateral listed on the debt (credit card, medical bills, personal loans, etc.). Filing for Chapter 7 places an automatic stay, which prevents creditor harassment, garnishment, foreclosures, and repossessions.
Not everyone is eligible for this form of bankruptcy, however. There are a variety of factors that go into determining eligibility, and not all debts are dischargeable. Our law office will walk you through the process and help you figure out if Chapter 7 is right for you.