What are the benefits associated with a Chapter 7 filing?


Answer


A Chapter 7 bankruptcy provides debtors with a fresh start by allowing debtors to discharge debts without incurring any liabilities in connection with such discharges. Debtor must remember that a right to discharge is not absolute. Further, certain types of debt are not dischargeable. Finally, bankruptcy does not extinguish liens on property.

If you are interested in filing a Chapter 7 Bankruptcy or if you have any related questions call us today at (212) 960-8308 or (973) 500-8024, or submit your contact information by clicking here and we can contact you directly.


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