What is Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy is a legal process that allows individuals to eliminate most unsecured debts, including credit cards and medical bills. It is designed to give you a fresh financial start.
Who Qualifies for Chapter 7 Bankruptcy?
- Individuals with limited income
- Those who pass a means test
- People facing overwhelming unsecured debt
What Debts Can Be Discharged
- Credit card debt
- Medical Bills
- Personal loans
Benefits of Chapter 7 Bankruptcy
- Stop creditor harassment and collection calls
- Eliminate unsecured debt
- Get a fresh start
Chapter 7 Bankruptcy Process
- Initial consultation
- Preparation and filing
- Meeting of creditors
- Debt discharge