Struggling with overwhelming debt? A bankruptcy lawyer can help you understand your options and get a fresh financial start. Explore guides on Chapter 7, Chapter 13, debt discharge, and how bankruptcy affects your credit, assets, and future.
Chapter 7 bankruptcy is a federal legal process that wipes out most unsecured debts — credit card balances, medical bills, personal loans — through a court-supervised case governed by Title 11 of the U.S. Bankruptcy Code. It is available to individuals who cannot make regular monthly payments toward their debts, and it provides relief regardless…
In Chapter 7 bankruptcy, you generally must surrender your vehicle within 45 days of your 341 meeting of creditors — the court-ordered hearing where a trustee reviews your finances — under 11 U.S.C. § 521 of the U.S. Bankruptcy Code. If you have not redeemed the vehicle or entered into a reaffirmation agreement with your…