Chapter 7 bankruptcy is a common form of bankruptcy that eliminates unsecured debts, like credit card debts, medical bills and more. This form of bankruptcy cannot wipe out child support debts, tax debts or student loans. Chapter 7 is seen as a “liquidation” form of bankruptcy because it requires you to sell your nonexempt property as repayment to creditors.
Chapter 7 takes about four to six months in normal cases, and it stays on credit reports for 10 years. I will guide you step by step to file for Chapter 7 bankruptcy properly, as well as help you vet all other bankruptcy options. Call me today for Chapter 7 bankruptcy help in Medway, Milford & Framingham, MA.