Filing for Chapter 7 Bankruptcy comes with several disadvantages, such as the potential impact on your credit score, making it difficult to obtain new credit for a period. Certain debts are not dischargeable, and you may lose some of your property if it’s not covered by exemptions. Additionally, not everyone qualifies for Chapter 7, depending on their income and financial situation. It’s crucial to weigh these factors and consult with a Stockton Chapter 7 bankruptcy attorney Robert Fong for advice tailored to your specific circumstances.