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What Is Chapter 7 Bankruptcy & Should I File?


The first step in filing for Chapter 7 bankruptcy is to determine if you qualify. To qualify, you must pass the means test, which measures your income and expenses to see if you can repay your debts. If you cannot repay your debts, you may be able to file for Chapter 7 bankruptcy.

Once you have filed for Chapter 7 bankruptcy, an automatic stay goes into effect. This stay stops creditors from collecting on your debts, including wage garnishments, repossessions, and foreclosures. The automatic stay also stops lawsuits against you and gives you time to catch up on missed payments.


After you have filed for Chapter 7 bankruptcy, the court will appoint a trustee to oversee your case.




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 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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