A court-appointed official may sell some of your property or turn it over to your creditors. Chapter 7 can only be filed every six years. Chapter 7 or Chapter 13 may get rid of unsecured debts, repossessions, garnishments, debt collection activities, and stop foreclosure. However, bankruptcy usually does not erase alimony, taxes, child support, and some student loan obligations. Chapter 13 usually does not allow you to keep property that has a lien on it or unpaid mortgage.
Bankruptcy filing can make it difficult to acquire credit and buy a home for several years.
The laws are making it harder to file for bankruptcy. We offer a wide range of innovative alternative programs. We can help get you re-established and give you that fresh start you need. Submit your free Quote . One of our advisers will contact you within 24 hours.