What is a Chapter 7 Bankruptcy?

What is a Chapter 7 bankruptcy? How does it work? What will happen when I file for bankruptcy?

These are questions a qualified bankruptcy attorney can answer.

Chapter 7 bankruptcy is sometimes called "liquidation" bankruptcy. Chapter 7 of Title 11 of the United States Code governs the process of liquidation under the bankruptcy laws of the United States.

Chapter 7 Bankruptcy Process

Client Intake

Our Bankruptcy attorney will meet with you to discuss your options and to help you determine whether filing bankruptcy is your best option.

Petition Filing

We will prepare your  Bankruptcy petitions you will review them and we will submit them directly to the Federal Bankruptcy Court . 

341 Hearing

Generally, you will only have to make one appearance in front of the Bankruptcy Trustee at a Chapter 7, 341 hearing. Our attorney will attend the hearing with you and prepare any additional paperwork your Trustee may require.

Discharge

The bankruptcy process takes on average 4-6 months. Many types of unsecured debt will be discharged in a Chapter 7, however  certain non-exempt debts, such as, but not limited to spousal support and government backed student; loans may not discharged. The debtor receives a discharge of all dischargeable debts usually within four-six months.

The benefits of a Chapter 7 bankruptcy can be life changing, offering a positive fresh start to those who deserve it. 

To determine whether filing Chapter 7 can benefit you contact a qualified California Bankruptcy attorney for a free consultation