Chapter 7 Bankruptcy can cancel your debts and liquidate your assets, giving you a clean slate to work with.
Out of all the types of bankruptcy, Chapter 7 is the most common. This is also sometimes called a “straight” or “liquidation” bankruptcy, since the trustee can discharge most, if not all, of your debt, and the process only takes a few months to complete.
Many people of limited means will find this filing to be helpful, since it doesn’t require repayment plans, and a certain amount of assets can be protected from liquidation. Here at Martin & Bontrager, APC, our Chapter 7 bankruptcy have helped people just like you in Los Angeles get free from the clutches of debt, and rebuild their lives. Click here to learn more about Martin & Bontrager, APC.