What You Need to Know About Chapter 7 Bankruptcy
Chapter 7 bankruptcy is available to both individuals and businesses alike and is the “fresh start” alternative most people think of when they hear the word “bankruptcy.” In a Chapter 7, debtors are provided a total discharge from unsecured debts while continuing to pay for a house or cars that they wish to retain.
It is essential that you have a reputable law firm by your side if you are deciding on choosing bankruptcy. Schollander Law Offices has decades of experience in helping clients file for Chapter 7 bankruptcy. If you have problems with unsecured debts, please call us.
Chapter 7 Bankruptcy Allows You To...
- Rebuild your credit
- Say goodbye to medical and credit card debts
- Stop collection calls
- Stop legal actions against you
When you choose Chapter 7 bankruptcy, you can wipe out your credit card and medical debts. This means that you will still have to make your home and car payments. But hopefully after having your credit card and medical debts forgiven you will be able to make those payments.
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