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Chapter 7

What is Discharged in a Chapter 7 Bankruptcy

Chapter 7 bankruptcy is an effective form of personal bankruptcy because in as little as five to six months you can have your qualifying debt eliminated. Qualifying debt usually includes unsecured debts such as credit cards, medical bills, payday loans, and utility bills. Chapter 7 may not discharge current taxes, some student loans, penalties and […]

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Chapter 7

Who Can File Chapter 7 Bankruptcy

When you are behind in debt and worry every day whether you can pay your bills or not, you may want to consider filing bankruptcy. Chapter 7 bankruptcy cases are usually the shortest form of personal bankruptcy. You can file Chapter 7 if you live in, have property, or a business in the United States. […]

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Chapter 7

Chapter 7 Bankruptcy

  Also called the “liquidation” bankruptcy, Chapter 7 is the quickest and easiest form of bankruptcy. In three to six months, all of your qualifying debt can be eliminated. Anyone can file Chapter 7 bankruptcy that lives in the United States or has property in the U.S. if they meet eligibility criteria. In order to […]

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Chapter 7

How fast is a Chapter 7 bankruptcy in California?

One advantage of a Chapter 7 bankruptcy in California is the short amount of time a debtor can obtain debt relief through a bankruptcy discharge. How fast is a Chapter 7 bankruptcy in California you may ask? While the amount of time a Chapter 7 bankruptcy can be different for everyone depending on their circumstances, […]

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Chapter 7

Keeping Non-Exempt Assets in Chapter 7

When you file Chapter 7 bankruptcy, certain types of unsecured debt, such as credit card debt and medical debt are discharged (wiped out). You are also granted bankruptcy exemptions, which protect certain assets from entering into the “bankruptcy estate”. Items in your bankruptcy estate are known as non-exempt and will be sold off by the […]

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Chapter 7

Will I qualify for a Chapter 7 Bankruptcy in California?

One of the highest “worry factors” surrounding filing for Chapter 7 bankruptcy in California is wondering if you will pass the “means test” required of all consumers filing for bankruptcy protection. As a Sacramento Bankruptcy Attorney firm, it’s one of the most common concerns we hear. Many individuals are surprised to hear that you are […]

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Chapter 7

Pros and Cons of Declaring Chapter 7 Bankruptcy

Most things in life are “give and take”, and Chapter 7 bankruptcy isn’t much different. It’s true that Chapter 7 bankruptcy can be an enormous lifeline to individuals who are suffering from crippling debt, but it does come at a certain cost. Making the decision to file for Chapter 7 bankruptcy can be very difficult […]

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Chapter 7

Can I Keep My House in Chapter 7 Bankruptcy?

Many individuals who are struggling with debt worry they will lose their home if they file for Chapter 7 bankruptcy. Consequently, we hear the “Can I keep my house in Chapter 7 bankruptcy” question quite often. Keeping your property in Chapter 7 bankruptcy depends on how far behind in your mortgage payments you are and […]

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Chapter 7

How to File Chapter 7 with No Money

Sometimes, paying to go broke doesn’t seem like the most logical or straightforward answer to debt relief. In fact, requiring a fee to file bankruptcy, to some, seems like an oxymoron. Nevertheless, in order to discharge debts using Chapter 7 bankruptcy, there are filing and attorney fees that must be paid in order to escape […]