What happens when I file a Chapter 7 Bankruptcy?

A Chapter 7 Bankruptcy is commenced by filing a petition with the Bankruptcy Court.

The person filing a Chapter 7 is referred to as the "debtor." The debtor is required to disclose to the court all of its property and debts and turn over all nonexempt property to the bankruptcy trustee, who then converts it to cash for distribution to the creditors. The debtor then receives a discharge of all dischargeable debts.

Back to Frequently Asked Questions

bankrupt-law.com is a service of
The Law Offices of Lauren Ross
2550 N. Hollywood Way - Suite 404
Burbank, California 91505-5046
1 (818) 847-0211
lauren@bankrupt-law.com
California State Bar No. 106225
Nevada State Bar No. 5111

The Law Office of Lauren Ross is a federally designated debt relief agency pursuant to Title 11 of the US Code and provides legal assistance to consumers seeking relief under the Bankruptcy Code.

THE INFORMATION CONTAINED IN THIS WEB SITE AND ALL RELATED SITES IS GENERAL LEGAL INFORMATION ONLY. IT IS NOT INTENDED NOR SHOULD IT BE USED AS SPECIFIC LEGAL ADVICE ON A PARTICULAR ISSUE OR FOR A PARTICULAR PERSON OR PURPOSE. IF YOU ARE SEEKING LEGAL ADVICE FOR A SPECIFIC SITUATION, YOU SHOULD SEEK THE ADVICE OF AN ATTORNEY QUALIFIED IN THE LEGAL AREA IN WHICH YOU NEED ADVICE. THE EXEMPTIONS DESCRIBED IN THIS COMMUNICATION ARE SPECIFIC TO CALIFORNIA RESIDENTS ONLY AND DO NOT APPLY IN OTHER STATES.