Chapter 7

Chapter 7 is the most common bankruptcy and what most people think of when they hear the word “bankruptcy”.  Sometimes referred to as a “fresh start” or “straight” bankruptcy, Chapter 7 allows those who are struggling to make minimum payments to get rid of, or discharge, unsecured debts and regain control of their finances.

Typical unsecured debts that are discharged in a Chapter 7 bankruptcy include:
  • Medical bills
  • Credit cards
  • Utility bills
  • Personal loans
  • Deficiencies on repossessed vehicles
There are some debts that are not discharged in Chapter 7 such as tax debt, student loans, and child support.

Chapter 7 bankruptcy involves the court appointed trustee helping to liquidate certain assets and using that money to repay your creditors. Many people mistakenly believe they will lose everything in Chapter 7 bankruptcy.  However, in most cases people keep assets like their home, car, household goods, clothing and jewelry.

If creditors are harassing you, threatening you with garnishment or you fear answering your phone, filing Chapter 7 bankruptcy brings immediate protection from your creditors. Any creditor who attempts to collect from you after the bankruptcy petition has been filed violates federal law. There is no better way to protect yourself from creditor lawsuits or stop creditor harassment.

Protect yourself today from harassing creditors by starting the Chapter 7 bankruptcy process.  Call me today at 513-792-9600 or fill out the contact form to set up your free no obligation consultation.