Chapter 7 Bankruptcy is known as “Liquidation”.

In such a proceeding, upon filing the Chapter 7 Bankruptcy petition, all of the debtor’s assets become part of the Bankruptcy estate. The Trustee assigned to the case is responsible to liquidate the debtor’s assets and paying the debtor’s creditors out of the liquidation of the Bankruptcy Estate.

After the Chapter 7 discharge, with a few exceptions, most debts will be eliminated and the creditors which were not able to collect from the Bankruptcy estate will be barred from attempting to collect any of the pre-petition debt.

Contact us about Chapter 7 Bankruptcy Today

We understand that you will have questions regarding your Chapter 7 bankruptcy filing and that is why we are here to help you with honest and straightforward answers. We offer weekend and evening appointments when necessary so please feel free to contact our Rancho Cucamonga law office for a free initial consultation at 909-945-6199 or use our online contact form and schedule your free consultation today.