Chapter 7 Bankruptcy allows you to get a fresh start free from most debt in speedy and efficient manner—often lasting only 90 days. The internet is awash with stories about how this chapter works, but for the vast majority of my clients, they lose no personal property and are able to continue paying for things like cars and homes.
Debts that are routinely discharged in Chapter 7 bankruptcy include credit card debt, medical bills, payday loans, garnishments, car repossession balances, personal loan, and a whole host of other debts. These debts are eliminated in Chapter 7. Although not all debts are eliminated (most notably student loans, marital support obligations, and certain taxes), the vast majority of most peoples debts are eliminated in Chapter 7 bankruptcy.