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Lancaster and the San Fernando Valley

 

Chapter 7 Bankruptcy

 

Filing bankruptcy is an act that goes way back in time. It is
documented in the Bible, as well as honored in the Constitution (Art I, Sec 8).

Chapter 7 is what most people think of when they think of filing for bankruptcy. It's the "flavor" of filing BK that entails getting all of your debt discharged. People get in over their heads, and they need a life preserver, a fresh start, a second chance. Chapter 7 wipes the slate clean (as opposed to Chapter 13, which gives people the opportunity to make payments on their debt).

You have the Constitutional right to file bankruptcy. The question remains... is it right for you?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
Related sites: Santa Clarita Valley Bankruptcy | Antelope Valley Bankruptcy | Los Angeles Bankruptcy
 
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