Our attorneys have experience assisting clients with Chapter 7 Bankruptcy. We can work with you to develop a plan for discharging your debt and protecting your assets.
Chapter 7 Bankruptcy
When filing for Chapter 7 Bankruptcy, your unsecured debts become discharged. This means that you will no longer be responsible for any of your debts that do not have collateral, such as hospital bills, credit card debt, and utility bills. You will likely be able to keep your home and car if you choose to do so.
With Chapter 7 Bankruptcy, your debt-to-income ratio becomes much smaller and more manageable. You then have the opportunity to start fresh and rebuild your credit.
After the 3-5 year period, your unsecured debts are discharged, and you have the opportunity to begin rebuilding credit.
