Chapter 7

This is the simplest and most common form of bankruptcy. A Chapter 7 filing gets rid of “unsecured debt” (i.e. credit cards, medical bills) and allows the debtor to make decisions with what they want to do with their “secured debt” (i.e. car creditor, home mortgage company). A Trustee is appointed to take over your property and any property with value will be sold or turned into money to pay your creditors.