California and Arizona Chapter 7 Bankruptcy Attorney
Chapter 7 is basically for those people with a bunch of unsecured debt with the need to wipe out all that debt and prevent creditors from coming back to collect any of the debt. A Chapter 7 is known as a “liquidation” and when you enter chapter 7, all your property becomes property of the “bankruptcy estate” and the Chapter 7 trustee looks to see what, if anything, they can liquidate and sell to pay off the unsecured creditors in your chapter 7 case. You will have certain exemptions, that vary by State, that will allow you to protect certain assets, including the equity in your home under the homestead exemptions.
If you are facing mounting bills, credit collector letters and phone calls, or facing foreclosure issues, it might be a good idea to at least investigate whether or not bankruptcy is an option for you. Contact us at (877) 276-5084.
