Chapter 7 Bankruptcy is a Chapter of Bankruptcy that discharges (i.e. eliminates) most types of debts. Filing for relief under Chapter 7 is the quickest and most efficient way to eliminate your debts. Some debts that can be discharged in a Chapter 7 are:
- Credit cards
- Personal loans
- Online loans
- Payday loans
- Medical bills
- Deficiency balances from car repossessions or home foreclosures
- Broken leases
The Bankruptcy Trustee that is administering your case is allowed to liquidate any assets that cannot be legally protected. However, in most cases, our experienced and knowledgeable attorney will be able to navigate through the necessary exemptions to protect all of your assets from being liquidated. If you are ready to take the first step in getting that fresh start that you deserve, call Sacramento Bankruptcy Attorney at 916-800-7690 right away!
