Chapter 7 Bankruptcy. Stockton, CA

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Chapter 7 Bankruptcy – Lawyer Stockton, CA

Chapter 7 Bankruptcy of the United States Bankruptcy Code is the Bankruptcy Code’s “liquidation” chapter. Stockton bankruptcy attorney sometimes refer to it as a “straight bankruptcy.” The basic purpose of Chapter 7 is to provide you with a fresh start by wiping out all qualifying debts including credit cards, medical bills, repossession deficiencies, law suits as well as a variety of other debts.

Upon the filing of Chapter 7 Bankruptcy petition, an impartial bankruptcy case trustee is appointed by the United States bankruptcy trustee to administer the case and liquidate the debtor’s nonexempt assets.

Chapter 7 bankruptcy attorney at Law Office of Robert W. Fong can help with the process. In Chapter 7 there is no repayment required for most unsecured debts, your debts are wiped out completely and permanently. In about 99% of Chapter 7 cases, the consumer keeps all property, and eliminates most debts.

The entire process usually takes less than 4 months to complete. After the bankruptcy is over, the consumer may choose to selectively pay back debts, such as debts to family members, however repayment is not legally required.

If you are having financial hardship, contact experienced bankruptcy lawyers at our law firm by calling (209) 475-0499. We offer FREE confidential bankruptcy consultation.

Click here to fill out our FREE Confidential Bankruptcy Case Consultation form.

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