| Chapter 7 Bankruptcy is typically referred to as a “fresh start bankruptcy.” Chapter 7 Bankruptcy allows you to discharge or get rid of all of your unsecured debts and keep most, if not all of your possessions including your car and your home. Unsecured debts are credit cards, store charge cards, gas credit cards, payday loans, personal loans, debts from repossessed property, utility bills, cell phone bills, and medical bills. In some cases, you will also be able to get rid of old income tax debts and property tax debts. You do have to qualify to file Chapter 7 Bankruptcy, but if you qualify and most people who need to file Chapter 7 Bankruptcy do, it is the fastest, most affordable way to get yourself out of debt and give yourself a fresh financial start. Your AffordBankruptcy.com attorney can give you more specific information regarding your particular situation during your free bankruptcy consultation. |
