What Is Chapter 7 Bankruptcy & Should I File?
Chapter 7 bankruptcy is a legal process that allows individuals and businesses to eliminate most of their debts. In a Chapter 7 bankruptcy, the debtor's assets are sold off to pay creditors. The debtor is then discharged from most of their remaining debts.
Should you file for Chapter 7 bankruptcy? That depends on your individual situation. If you're unable to pay your debts and don't have any assets to sell, then filing for Chapter 7 bankruptcy may be your best option. However, if you have assets that you want to keep, such as your home or car, then you may want to consider another type of bankruptcy.
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 it 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