What are the advantages of choosing a Chapter 7?
A. 1. You would discharge most of your debts, and be able to start again without a deficit budget. 2. All collection and garnishment attempts would stop. 3. If money problems had been seriously affecting your psychological well-being or your marriage, these problems may be relieved by filing a bankruptcy petition. 4. You can usually choose before you file what property will be exempt, and therefore what you will keep. 5. You can fulfill any ethical or moral obligation you feel by voluntarily repaying or making a partial repayment to anyone after your debts are discharged or by reaffirming that debt.
