Bankruptcy
Chapter 7
Chapter 7 bankruptcy, also known as a straight or liquidation bankruptcy, is a type of bankruptcy that can clear away many types of unsecured debts. If you're far behind on your bills and don't have the means to afford monthly payments and living expenses, filing Chapter 7 bankruptcy could be a last resort to help you reset your finances.
What Is Chapter 7 Bankruptcy?
Chapter 7 wipes out most debts including credit cards, utilities, pay day loans, medical bills and past due rent bills. Chapter 7 takes about 4 months from start to finish.
Auto loans and mortgages can be paid just like you are currently paying them. If there is an arrearage, then that will need to be addressed before you go forward. The discharge in bankruptcy is what you are trying to get when you file the case.
Some debts will not be eliminated, such as taxes, student loans, child support and criminal fines from some other court. Bankruptcy provides for a DISCHARGE of most debt except for taxes, student loans and child support. Discharge means the debt is no longer owed and can not be collected by the creditor.
It allows you to STOP creditors before they take your money or property, so you can start over with a CLEAN SLATE. You can rebuild your credit over a period of years after you file bankruptcy to improve your credit, future credit from lenders to purchase a car or buy a home.
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I am a federal authorized DEBT RELIEF AGENCY and I help people file bankruptcy. Information contained in this website is not legal advice and no attorney client relationship is created by you accessing information in this website. This is informational only and unless you sign a written contact with Joseph I. Wittman Attorney at Law, I do not represent you in any way. You can retain me as your attorney by contacting us at the number set forth in this website and signing a contract to employ to our firm to help you.