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What does a Chapter 7 Bankruptcy do?

April 26, 2017Bankruptcy chapter 7

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What does a Chapter 7 Bankruptcy do?

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A Chapter 7 Bankruptcy will get rid of most types of unsecured debt like credit cards, hospital bills, deficiency balances owed on repossessed cars, general consumer bills, lawsuits, garnishments, old utility bills, and much more. A Chapter 7 Bankruptcy generally will not eliminate student loans, child support payments, recent taxes, and other special types of debt.