Chapter 7 Bankruptcy
Eliminate overwhelming debt and regain control of your financial future
What is Chapter 7 Bankruptcy?
Chapter 7, also known as liquidation bankruptcy, is a legal process that can help you eliminate most of your unsecured debts, such as credit card bills, medical bills, and personal loans. It is designed to give you a fresh financial start by selling your non-exempt assets to pay off your creditors. For many, this process offers a powerful tool for debt relief and a chance to rebuild their financial future.
Are You Eligible?
Key Requirements
- Your income must be below the median income for your state, or you must pass the "means test".
- You must complete a credit counseling course from an approved agency.
- You have not had a Chapter 7 discharge in the last 8 years.
Not Sure If You Qualify?
Our free consultation can help determine your eligibility and guide you through the best options for your situation.
The Chapter 7 Process
File a Petition
You'll file a petition with the bankruptcy court, which includes a detailed list of your assets, debts, income, and expenses.
Automatic Stay
An "automatic stay" immediately goes into effect, which stops most creditors from collecting debts, garnishing wages, or foreclosing on your home.
Meeting of Creditors
You'll attend a meeting with the bankruptcy trustee and any creditors who choose to attend. The trustee will ask you questions under oath.
Debt Discharge
If your case proceeds smoothly, you'll receive a discharge of your debts from the court, typically 4-6 months after filing.
Typical Timeline
A typical Chapter 7 bankruptcy case takes about 4 to 6 months from the time the petition is filed until the debts are discharged. This can vary depending on the complexity of your case.
Potential Outcomes
The primary outcome is the discharge of your eligible debts, providing a financial fresh start. You can stop creditor harassment, prevent wage garnishment, and begin rebuilding your credit.
How Justice Bankruptcy Can Help
Our team brings over 100 years of combined legal experience to guide you through the Chapter 7 process. We offer two flexible service options:
Document Preparation
Complete, accurate preparation of all bankruptcy forms and schedules with clear explanations.
Full Attorney Representation
Comprehensive legal support including court appearances and creditor meetings (341 hearing).
Ready to Take Control of Your Financial Future?
With over 100 years of combined legal experience, our team is ready to guide you through every step of the bankruptcy process. Start with an affordable $100 consultation.