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What can chapter 7 bankruptcy do for me?

Filing a chapter 7 bankruptcy can eliminate unsecured debts such as credit cards or credit accounts, all medical bills, any payday loans or other types of signature loans, etc.  It stops lawsuits, no matter what stage the lawsuit is in.  It stops wage garnishments.  It stops harassing phone calls and…

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How are unsecured debts treated in Chapter 7 bankruptcy?

Most unsecured debts will be wiped out in a Chapter 7 bankruptcy.  Unsecured means that the debt does not have any property pledged as security.  This includes credit cards, medical bills, lines of credit, payday loans, overdraft protection, signature loans, and personal loans.  There are certain types of unsecured debts…

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