What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is the most affordable and comprehensive debt relief available under the Bankruptcy Code. It completely discharges almost all forms of unsecured debt – allowing people to permanently eliminate unsecured debts, such as:
Lawsuits, judgments and garnishments
Credit card debt
Medical bills
Old apartment rent payments
Many types of older tax debt
Personal unsecured loans (loans not secured by collateral)
Other debts