Chapter 7 Bankruptcy

Chapter 7 Bankruptcy in Cleveland, Ohio

A Chapter 7 Bankruptcy provides individuals and small businesses relief from unsecured debt. It does not eliminate student loans but if you are in serious financial distress there may be an avenue to discharge the student loans by filing an adversary complaint. With a Chapter 7 Bankruptcy you will be able to discharge your unsecured Federal, State and Local tax liabilities. A Chapter 7 Bankruptcy may prevent a lender from repossessing or foreclosing on your auto, home and other secured property while in Chapter 7 Bankruptcy. It can also return your repossessed property to you. The Trustee in Chapter 7 Bankruptcy can be prevented from taking your home, auto or other secured property due to Exemptions and secured loans.