This entry is part 1 of 10 in the series Chapter 7 FAQs Chapter 7 is a type of bankruptcy that offers individuals a fresh financial start by discharging many unsecured debts (such as credit card debt, medical debt and more). Chapter 7 is sometimes referred to as the...
This entry is part 2 of 10 in the series Chapter 7 FAQsYes. Businesses can also file for Chapter 7 bankruptcy relief. A corporation does not receive a discharge but the business can shut down, turn over its records to a bankruptcy trustee and not have to deal with...
This entry is part 3 of 10 in the series Chapter 7 FAQsThe bankruptcy automatic stay is one of the first protections offered to those who file for bankruptcy. The automatic stay takes effect as soon as the initial paperwork in a bankruptcy case has been filed. It is...
This entry is part 4 of 10 in the series Chapter 7 FAQsGenerally speaking, the automatic stay stops foreclosures, repossessions, lawsuits, wage garnishments, and tax levies. It does not stop criminal proceedings or legal actions against you for support (such as child...
This entry is part 5 of 10 in the series Chapter 7 FAQs The Chapter 7 bankruptcy process starts with the initial call to our office. We can either set at appointment at our office or do an initial phone review. Sometimes we are able to meet you at a location closer to...
