Monthly Archives: August 2015
Chapter 7 Bankruptcy

Chapter 7 bankruptcy is an injunction against collection of certain debts and is overseen by the bankruptcy trustee. Another term for Chapter 7 bankruptcy is “liquidation” or “straight” bankruptcy. Chapter 7 automatically puts into effect an “Order for Relief” and an “Automatic Stay” which prevents creditors from collecting debt owed to them by the Debtor.  […]