Most debts are discharged under a Chapter 7 bankruptcy. The discharge of debt will release the debtor from any personal liability for payment. Once a deficit is discharged under Chapter 7, the creditor may no longer seek future restitution from the creditor. Obligations relating to alimony, child...
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Chapter 7 bankruptcyis a legal procedure that discharges a debtor from personal liability for certain types of debts, including credit cards, medical bills, personal loans, foreclosures, repossessions, overdrafts, check cashing loans, etc. Upon filing for Chapter 7 bankruptcy, you will be protected...
Often referred to as “straight bankruptcy,” Chapter 7 bankruptcy is a process, organized under federal law, that provides consumers with the opportunity to discharge their unsecured debts. Common debts eliminated by filing for Chapter 7 bankruptcy include:credit cards,medical bills, personal loans ...
bankruptcy filings continue to mount in '10 The Personal Bankruptcy Toolkit is a straightforward, easy-to-use guide to filing for Chapter 7 bankruptcy, which enables a person cancel debts and keep a significant portion of their property, without retaining an expensive lawyer. The Personal ...
Personal Bankruptcy. Chapter’s 7 and 13 Call: (407) 515-1313 “If you need Bankruptcy guidance, without a doubt, call Jan!” ~ Penny W. Orlando Request A Call FILING FOR BANKRUPTCY Helping Clients Since 1992! Are you facing creditor harassment, lawsuits, repossessions or foreclosure? Bankrup...
Certain debts survive a Chapter 7 bankruptcy because they are excepted from the discharge by law: priority taxes, family support, student loans, and liens are among the kinds of debts not discharged in Chapter 7. Any debts that were reaffirmed also survive the bankruptcy as a personal liability...
Chapter 7 bankruptcy eliminates most debt through the liquidation of assets. The court appoints a trustee to oversee the case. Part of the trustee's job is to take ownership of the debtor's assets, sell them, and distribute the proceeds to their creditors. Key Takeaways Chapter 7 bankruptcy...
Foster Law Offices, LLC assists consmers with obtaining a fresh start through Chapter 7 Bankruptcy. Credit card debt, medical bills, loans? We can help.
Anyunsecured debtincluding personal loans to friends. Credit card debt. Medical bills. Past due rent. Past due utility bills Income taxes that are more than three years old. If the majority of your debt falls into any one of these categories, Chapter 7 bankruptcy will provide you the fresh ...