Information on Chapter 7 bankruptcy

Chapter 7 bankruptcy eliminates typically all our your unsecured credit card debt, medical bills, personal loans, debts from vehicle repossession and from a foreclosure.  In many instances the assets you have may be protected under federal bankruptcy exemptions laws. If all of the assets that you hold are protected under bankruptcy laws then creditors will receive nothing in a Chapter 7 bankruptcy and if you qualify you will receive a discharge of your debts.

Receiving a discharge of your debts in Chapter 7 means that creditors cannot hold your personally liable for the debts or seek collection actions against your for the debts. If you are currently being garnished by a creditor, filing for Chapter 7 bankruptcy can stop the majority of garnishment actions.

When you file bankruptcy, garnishment creditors are notified of your bankruptcy filing and must seize garnishing your wages. Filing for Chapter 7 bankruptcy immediately stops most creditor calls. 

Creditors are notified by the court that you have filed for bankruptcy and must immediately seize collection efforts or be subject to possible sanctions. Southern California Law Advocates provides a free consultation that examines your current assets, income and expenses and can give you an better understanding of whether you qualify for Ch. 7 bankruptcy.