Chapter 7 is the liquidation chapter of the United States Bankruptcy Code. They are the most common
Your Assets May be Protected
California has opted “out” of the federal exemptions under § 522 of the US Bankruptcy Code. In California, there are two different sets of exemptions that attorneys may use to help clients protect their assets.
What debts are not discharged with a Chapter 7 Bankruptcy
Certain debts may not be discharged through chapter 7 bankruptcy. The most common debt not discharged is student loans. Student loans may be discharged if it may be shown that the debtor is suffering from “undue hardship.” Other debts not dischargeable under chapter 7 bankruptcy are child or spousal support payments and some tax payments.
How Much Will A Chapter 7 Bankruptcy Cost Me?
Our bankruptcy attorney’s offer a free initial consultation. During that consultation, our bankruptcy attorney will discuss your options and answer any questions you have relating to bankruptcy. Our bankruptcy prices are competitive. Let our experienced bankruptcy attorney help you file your bankruptcy case in Los Angeles, Riverside, or Santa Ana.