Chapter 7 |
Chapter 7 is one of the most common and least complicated forms of bankruptcy. Our office can help you understand how this type of bankruptcy may be beneficial to your case. Our goal is to get you the debt relief you need in order to regain control of your debts and alleviate the stress that your financial troubles may be causing.In a Chapter 7 filing, a list of all your outstanding debts is made. These are the debts that may be discharged completely. This is different from a Chapter 13, where your debts are reorganized and structured payment plans are created.After the Chapter 7 filing, your creditors receive notice that the bankruptcy has been filed; your creditors are given an opportunity to object to the bankruptcy or to file claims to retrieve collateral under security interests they hold; and they also barred from harassing you due to a stay that is in place prohibiting such actions. |
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