Chapter 7 bankruptcy allows individuals to get rid of unsecured debt from credit cards, medical bills, personal loans, and utility bills.
Chapter 7 bankruptcy is a type of bankruptcy where an individual is looking to get rid of their unsecure debt such as credit cards, medical bills, personal loans, utility bills, hospital bills things of that nature. Secure debts are mortgages which cannot be eliminated under most certain circumstances car loans, boat loans and things of that nature. If an individual does not have a home or any other assets of significance then a Chapter 7 is the type of bankruptcy to do and eliminate all or most of the debt.
