Chapter 7 Bankruptcy – The Ultimate Guide
What is Chapter 7 bankruptcy? Glad you asked. It’s for someone who can’t repay their debts, because their income is low enough that they can’t afford to. However, not everyone qualifies for this out of the different chapters of bankruptcy, and even if you did qualify for Chapter 7 bankruptcy, you could lose assets. There’s always some element of risk in a Chapter 7, which is why I put together this: the ultimate Chapter 7 bankruptcy guide.
Chapter 7 bankruptcy is where you don’t pay back your debts because you can’t, but the bankruptcy trustee may be able to go after some of your stuff. This guide was written in an attempt to be an ultimate Chapter 7 bankruptcy guide. There are a few on the internet, but this one was written by Los Angeles bankruptcy attorney Hale Andrew Antico.
I try to use plain language and not talk over your head. I prefer to take something complicated like bankruptcy law and explain it in simple terms. And that’s what I try to do here.
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