Chapter 7 Los Angeles Bankruptcy Attorney

A Chapter 7 is the most popular type of bankruptcy. The filing of a Chapter 7 bankruptcy case results in an automatic stay that prevents all attempts to enforce a debt owed. The main goal of a Chapter 7 bankruptcy case (as well as other Chapters) is to obtain a “discharge,” which allows individuals and businesses to obtain a “fresh start” and eliminate some or all debts.

A Chapter 7 bankruptcy is a liquidation bankruptcy, which involves the liquidation of any assets owned by debtors to pay their creditors. Thereafter, most debts are wiped out in a legal proceeding conducted under the Federal U.S. Bankruptcy Court. Bankruptcy, in effect, discharges debts such as credit card bills, medical bills, personal loans, delinquent utility bills, old tax debt, judgements, and deficiencies on repossessed vehicles. In a Chapter 7 bankruptcy, you will never have to pay your creditors for these debts following your discharge. Your mortgage, however, may remain.

There are several types of debts that usually cannot be discharged by filing a Chapter 7. These debts include alimony and child support debts, recent tax debt, student loans, fines for criminal violations (such as injury caused to another while under the influence), debts incurred through fraud, and certain types of court-ordered damage awards. Student loan debts may only be discharged if there are hardships such as a disability.

When eligible, a Chapter 7 bankruptcy provides great advantages to debtors as it allows them to erase most debt they owe in 4 to 6 months.

If you are struggling with your finances and wanted to learn about your options, call us now for a free consultation!


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Katz Law is a top ranking bankruptcy law firm that has handled thousands of bankruptcy cases and has helped clients avoid hundreds of thousands of dollars of debt. We fight aggressively for our clients and take pride in the personal attention that we give each case. Our dedication and passion about what we do enables us to achieve outstanding results for our clients.

At Katz Law, our bankruptcy fees are very competitive and we can sometimes offer payment plans. The cost of filing a bankruptcy is often a small portion of the debt that can be wiped out. Contact us now to discuss the cost of filing a bankruptcy!

Call us now at (844) KATZ-LAW or (844) 528-9529 for a FREE consultation. Our consultation is confidential and you are not obligated to sign up with our firm. Best of all, your consultation will be with an attorney, not a paralegal or a legal assistant. Give us a call now and take the first step toward your financial freedom.