A Chapter 7 bankruptcy, also known as a liquidation bankruptcy, gives you the opportunity to eliminate debts. In these situations, you may need to sell assets or property to pay back debts, but you can protect a certain amount of equity in your primary home and household goods, the total value of which depends on your filing status. In return, you’re able to wipe away all unsecured debt, such as medical bills, credit card debt and bank loans.
Move forward with your bankruptcy. Meet with a Chapter 7 bankruptcy attorney today.
