How often can I file a Chapter 7 Bankruptcy case?
A debtor can receive a discharge from his or her debts on once every 6 years. How do I benefit from a Chapter 7 case? By filing the case your creditors are prohibited from continuing suits against you or from attempting to collect their claims against you and your property. Rather, creditors must look solely to the Bankruptcy Court and the assets within its control for payment of their claims. By filing the Chapter 7 case and obtaining a discharge, you receive a total forgiveness of the discharged debts and receive a fresh start. What are the differences between Chapter 7 and Chapter 13? Chapter 7 of the Bankruptcy Code is entitled to Liquidation and as the name implied, generally requires the sale or foreclosure of all property except property deemed to be exempt. In most instances, the Chapter 7 debtor is promptly discharged from all or most pre-bankruptcy debts and receives a fresh start on a new economic life. This new economic life frequently begins with only exempt assets. Chapte
How do I benefit from a Chapter 7 case? By filing the case, your creditors are prohibited from continuing suits against you or from attempting to collect their claims against you and your property. Rather, creditors must look solely to the Bankruptcy Court and the assets within its control for payment of their claims. By filing the Chapter 7 case and obtaining a discharge, you receive a total forgiveness of the discharged debts and receive a fresh start .
