A Chapter 7 bankruptcy is an effective intervention for wiping the financial slate clean and starting over. With a Chapter 7, the Bankruptcy Trustee will liquidate as many of the debtor's assets as possible to pay off all of the secured and unsecured debts. The bankruptcy stays on the debtor's credit report for 10 years.
How to Begin
A person who is encumbered with debt is usually a good candidate for a bankruptcy action. The best way for a debtor to find out if he or she