Chapter 7 is the classic bankruptcy. When people talk about wiping out their debts, they are speaking about Chapter 7.
Chapter 7 wipes out all types of consumer and business debts, such as credit card and medical debts, judgments from lawsuits and remaining balances from repossessions and foreclosures, landlord/tenant contracts, commercial leases and debts from all types of various financial obligations. It wipes out everything. Which means you never have to pay it back. That’s right-it is wiped out forever. Although this is difficult for people to believe, the fact is the laws were written this way to ensure that people had a true “fresh start” and never had to worry about their debts ever again.
So if this is your goal, and you are looking to eliminate your debt and get back to a debt free life, then Chapter 7 bankruptcy is the right choice.
You will recover your good credit.
The average bankruptcy client recovers his good name in 2 to 4 years. There is no magic trick to this, you just need to keep yourself current with the financial obligations that remain after bankruptcy, such as your rent or mortgage, electric and water bill, telephone bill, etc., We will also show you ways to speed up this process and get you back to a normal lifestyle.
Chapter 7 protects your home, car, wages, business, retirement plans, everything.
Chapter 7 stops the harassing phone calls, letters, lawsuits, judgments, liens, levies, everything.
Call the Bankruptcy Office of David Lozano today for a free consultation. Our law firm is one of the most referred bankruptcy firms in Southern California, and we have helped thousands of people eliminate their debt and get them back on the road to recovery, please allow us to help you too.