Chapter 7 Bankruptcy

Chapter 7 Bankruptcy eliminates most of your unsecured debts – these include credit cards, most personal loans, medical bills, judgments from car accidents, and deficiencies from vehicle repossessions.


In filing a Chapter 7, the Bankruptcy Code does allow you to keep all or some of your property.   Each state has an exemption amount which allows debtors to protect their homes and cars.  California is a state that allows the most amount of exemption.  When you come in for a free consultation our experienced attorneys will be able to determine whether you will be able to protect all your assets through a Chapter 7 Bankruptcy.


Once the bankruptcy is filed, you will be protected from any creditor harassments, lawsuits, foreclosures, garnishments, and all collection activity with the “automatic stay.”  The automatic stay is similar a restraining order that the court puts on the creditors due to the bankruptcy filing, which does not allow the creditors to pursue in any collection of debt.


Although bankruptcy will remain on your credit report anywhere from 7 to 10 years, it will not hinder you from re-establishing your credit.  You will be able to obtain credit cards, or finance a vehicle soon after you receive your discharge from the bankruptcy court.

Don’t delay in becoming debt-free and stress-free.  Call for a free consultation today!