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What is Chapter 7 bankruptcy?

Chapter 7 bankruptcy is a type of bankruptcy that allows people to get rid of most, if not all, of their debts. When someone files for Chapter 7 bankruptcy, they are asking the court to discharge their debts. This means that the person will no longer be legally responsible for paying back their debts.

Chapter 7 bankruptcy is also known as liquidation bankruptcy. This is because one of the main goals of Chapter 7 bankruptcy is to liquidate, or sell, a person's assets in order to pay off their debts. In some cases, a person may not have any assets that can be sold. In this case, the person's debts may still be discharged.

While Chapter 7 bankruptcy can be helpful for people who are struggling with debt, it is important to note that it is not right for everyone.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our main goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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