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Chapter 7 Bankruptcy

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.

For more information about Chapter 7 Bankruptcy, make sure to visit:

  • Bankruptcy FAQ
  • Bankruptcy Terms
  • Bankruptcy Myths
  • Bankruptcy DO’s & DON’Ts
  • Bankruptcy Resources
  • Arjont Group Law Office of Roger Traversa is designated by Congress as a debt relief agency. Among other things, we help people file for relief under the Bankruptcy Code. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult a Philadelphia bankruptcy attorney for individual advice regarding your own situation.