CHAPTER 7 BANKRUPTCY

CHAPTER 7 BANKRUPTCY

Chapter 7 bankruptcy is a relatively straightforward way of getting rid of debts you cannot afford to pay. If you are eligible for Chapter 7 bankruptcy, it may be possible to get your credit card balances, medical bills and other debts eliminated within a matter of a few months.

I'm Steven Bilsky, a Memphis-based attorney who has been helping clients in Tennessee achieve debt relief through bankruptcy for more than 30 years. To learn more about your Chapter 7 bankruptcy options, contact me today to schedule a free consultation.

Make a Fresh Start by Discharging Unsecured Debts

Chapter 7 bankruptcy — also known as liquidation or straight bankruptcy — allows eligible debtors to completely eliminate certain types of unsecured debts. An unsecured debt is a debt that is not backed by a particular piece of property like a home, car or item of furniture.

Credit cards and medical bills are the most common types of debts that people eliminate in Chapter 7 bankruptcy. Some lines of credit and certain unpaid taxes can also be discharged.

For many people, the elimination of debts in Chapter 7 bankruptcy is an opportunity to make a fresh start. If you also have secured debts such as mortgage loans, wiping out your unsecured debts in Chapter 7 bankruptcy may help you keep up with your payments.
 
Location: Memphis, TN, USA

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