Chapter 7

Chapter 7 bankruptcy is the simplest and quickest form of bankruptcy. If you are eligible, filing Chapter 7 bankruptcy will allow you to put an immediate stop to issues such as creditor harassment. You can wipe out your dischargeable debts and obtain a fresh financial start in about six months.

At the Orantes Law Firm, in Los Angeles, attorney Giovanni Orantes is dedicated to helping consumers throughout Southern California obtain debt relief by filing bankruptcy. We offer a free initial consultation to look at your financial situation and give you honest answers about your rights and options. 

The following pages provide more information about Chapter 7 bankruptcy:

  • Who is eligible to file Chapter 7 bankruptcy? The majority of people with significant debt problems are eligible to file Chapter 7 bankruptcy. Even if your earnings are too high to file Chapter 7, you can still obtain debt relief by filing Chapter 13 bankruptcy.
  • Creditor harassment: One of the main reasons people file Chapter 7 bankruptcy is to put a stop to creditor harassment.
  • Credit card debts: Credit card debt is 100 percent dischargeable under Chapter 7 bankruptcy.
  • Medical bills: One of the main reasons people file bankruptcy is to discharge medical debt.
  • Payday loans: Payday loans charge excessive interest and can quickly lead to overwhelming debt. Filing bankruptcy gives you a fresh start.
  • Tax debts: Some income tax debts can be discharged when you file bankruptcy.
  • Student loans and bankruptcy: Student loans are generally not dischargeable. Of course, “generally” means there are exceptions. One exception is when repaying the loan would create an undue hardship.
  • Auto repossession: Filing bankruptcy will stop an auto repossession and in some cases enable you to get your car back.
  • Wage garnishments: If a creditor has garnished your wages, filing bankruptcy will put an immediate stop to it.

Learn More About Your Chapter 7 Bankruptcy Options

Call (213) 340-0534 or contact us by e-mail to schedule a free lawyer consultation about Chapter 7 bankruptcy. Se habla español.