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Chapter 7 Bankruptcy

A bankruptcy proceeding is a complicated process. You need an experienced bankruptcy attorney to guide you through it. Attorney Richard E. Sexner is the one you can trust to competently handle your Chapter 7 bankruptcy filing.

What is a Chapter 7 Bankruptcy?

Filing a Chapter 7 bankruptcy is the most common type of bankruptcy proceeding. It is sometimes called "straight" or "liquidation" bankruptcy.

Filing a Chapter 7 bankruptcy eliminates most kinds of unsecured debt. Some examples are credit cards, medical bills, most personal loans, judgments resulting from car accidents, and deficiencies on repossessed vehicles.

This type of bankruptcy cancels most of your debts. The portion of debt that you repay will depend on the value of non-exempt assets used to pay off your debts.

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