What is a chapter 7 bankruptcy?

A chapter 7 bankruptcy allows an eligible debtor to discharge those debts and financial obligations that are dischargeable.  Some types of debt that are not dischargeable are domestic support obligations, most taxes, student loans except in cases where hardship can be established, debt that was obtained through fraud, and damages from personal injuries resulting from the use of alcohol or drugs.  Under chapter 7, it may be possible to retain your home, an automobile and other personal property.

We are a debt relief agency.  We help people file for relief under the Bankruptcy Code.

Posted by Attorney Fred Neff

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