Chapter 7 bankruptcy, otherwise known as a liquidation plan, is generally the simplest and quickest form of bankruptcy. Chapter 7 bankruptcy may eliminate most kinds of unsecured debt. Some examples of unsecured debts Chapter 7 bankruptcy may eliminate are credit cards, medical bills and most personal loans. Chapter 7 can also stop wage garnishments, and stop lawsuits filed by creditors through an Automatic Stay. Consult with a Philadelphia, Pennsylvania bankruptcy attorney for details. Chapter 7 bankruptcy usually takes four to six months.

In addition to getting rid of your debt, Chapter 7 bankruptcy allows the debtor to typically keep most if not all exempt property. Depending on the situation, it may be possible to keep cars and a home provided your payments are current, and there is no significant equity. One of our goals is to help you keep your property while eliminating your debt.

A Philadelphia bankruptcy attorney from Arjont Group will guide clients through filing a Chapter 7 bankruptcy. To consult with a bankruptcy attorney in Philadelphia to assist you in Chapter 7 bankruptcy process as quickly and efficiently as possible, please contact Arjont Group for a consultation.

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