chapter 7 bankruptcy

Chapter 7 Bankruptcy

Intro To Chapter 7 Bankruptcy

Although the percentage of chapter 13 cases is steadily climbing, without question, the most common type of bankruptcy is chapter 7 bankruptcy. When you file for chapter 7 bankruptcy, the court places an automatic, temporary stay on your current debts. This prevents creditors from collecting payments, garnishing your wages, foreclosing on your home, repossessing property, …

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Navigating bankruptcy roads

The various bankruptcy chapters: Know your options

Most people in the United States are familiar with the concept of going bankrupt. However, the majority of those people don’t understand the actual process of filing for bankruptcy. Although it’s not something people like to think about, bankruptcy can help a person get rid of any debt they have or make a feasible plan …

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Bankruptcy Attorney

What is Bankruptcy?

Basically, bankruptcy is a legal process where individuals, families and businesses (typically called “debtors”) can seek to gain some relief from the various debts that they owe to creditors.  Approximately 1 million individuals, families and businesses file for bankruptcy protection every year.   The main goal of our bankruptcy system is to provide relief to debtors in the form of a “fresh start” or a second chance.  Another goal of the bankruptcy system …

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