Chapter 7 Bankruptcy

Maxed-out credit cards which signal the need for Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is an affordable, honest alternative to your financial problems.

A Chapter 7 Bankruptcy is the most common and basic type of bankruptcy filing. A chapter 7 bankruptcy will usually wipe out the following types of debt:

  • Credit Cards
  • Signature Loans
  • Medical Bills
  • Old Automobile Repossessions
  • Most Court Judgments
  • Gambling Debts
  • Certain IRS Debts

Chapter 7 Bankruptcy offers protection from harassing creditors. It stops creditors from garnishing wages and attaching bank accounts. You are protected from all collection efforts by your creditors beginning the moment you file for protection under the bankruptcy laws.Chapter 7 Bankruptcy, sometimes called a straight bankruptcy, is a federal law which allows individuals and families who are experiencing financial difficulties to discharge, or wipe out, their debts and start over. Most credit card debt, lines of credit, bank loans, medical bills, and past due accounts are discharged in chapter 7 bankruptcy.

Chapter 7 Bankruptcy allows you to keep your personal and real property, within limits. The vast majority of those who file keep all of their property. You are allowed to keep your house, most personal property, some equity in a vehicle, medical equipment, and retirement plans. Secured debt, such as an automobile loan, may not be discharged under a chapter 7. However, the auto loan may be “reaffirmed” to allow you to keep the auto. Our goal is to use the law for maximum protection of your assets.

Chapter 7 Bankruptcy is an affordable, honest alternative to your financial problems. The entire process will normally be concluded in about four months. It usually only involves one short hearing, for which Jill McDonald will be present with you.

We are here to help you! If you are considering filing a chapter 7 or chapter 13 bankruptcy, or just want to discuss all of your options, you are invited to make an appointment for a free consultation with Bankruptcy Attorney Jill McDonald. Contact us today at or call us at (727) 231-4300. We have offices in Clearwater, Pinellas Park, and Tampa. Conveniently located to serve clients in St. Petersburg, Tampa, Seminole, Largo, Dunedin, Palm Harbor and Tarpon Springs.

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