Chapter 7 Bankruptcy Code is know as liquidation or "straight bankruptcy." It is used primarily by individuals who wish to free themselves of debt. The debtor's major interests in a Chapter 7 case are in retaining exempt property and in getting a discharge that covers as many debts as possible. A discharge releases the debtor from personal liability for discharged debts and prevents the creditors owed those debts from taking any action against the debtor or his property to collect the debts.
The bankruptcy law regarding the scope of a Chapter 7 discharge is complex, and debtors should consult competent legal counsel in this regard prior to filing. Attorneys in our firm who practice in this field work with our clients to get them through Chapter 7 Bankruptcy and on with their lives. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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