Chapter 7 is commonly referred to as a "straight bankruptcy". In this type of bankruptcy any and all debts can be discharged, or "wiped out". Some debts may be repayed voluntarily. In many cases you can agree to keep and continue to pay for mortgages, car loans and many other types of debts. We will help you make that determination. Contrary to popular belief, when you file for Chapter 7 protection you won't "lose everything" and your credit won't necessarily "be ruined".

When you file for Chapter 7 protection several things happen. First, the instant your case is filed your property falls under the protection of the bankruptcy courts. This protection trumps any state court rulings or judgments, including wage garnishments. Second, the court appoints a Trustee to your case. The Trustee's most important job is to analyze your assets and, if he or she determines that any of your assets could be sold to repay your creditors, it is the Trustee's statutory duty to pursue that sale. This is a possible drawback to wiping out your debts and a reason that you should consult with an experienced bankruptcy attorney before filing a Chapter 7 case.

Chapter 7 wipes the slate clean as to your credit. Since most people considering bankruptcy already have bad credit scores due to delinquent bills, collections and judgments, Chapter 7 can often improve your credit score. Knowing what to do after your case is complete is crucial, and we will help you rebuild your credit.