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Chapter 7 is known as a "Fresh Start Bankruptcy" or "straight bankruptcy"
If you are living under the burden of insurmountable credit card debt, medical bills or just need a
second chance, Chapter 7 can wipe the slate clean and allow you to start over.
Filig bankruptcy under Chapter 7 could be one of the best things that's ever happened to you if you are suffering
with a load of unmanageable debt...Under chapter 7 there is no repayment plan on any debts unless you want one.
Chapter 7 can allow you options such as keeping or surrendering secured debt such as motor vehicle loans and real estate mortgages...
or you can just simply obtain a discharge of 100% of your debts for good
Debts that are discharged in a Chapter 7 bankruptcy case can never come back
Long ago....Congress decided that it was important to give good, honest,
hard-working people a way...if need be... to get free from the burden of debt. Why? Because
saving good people....like you and me....from getting discouraged and losing hope and from
becoming unproductive members of society....all because of crippling amounts of debt....is good
for society. But....to achieve this goal ...to make it really work....Congress had to give the
bankruptcy laws some real teeth....to make the Bankruptcy laws powerful enough to really make a difference.
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