Welcome to the new Bank7ruptcy.com website, your compete source for all things Chapter 7!
What is Chapter 7?
Chapter 7 is by far the most common chapter filed in the United
States, about 3 out of every 4 cases filed
is under Chapter 7.The proper name for
this chapter is Liquidation, or “fresh start” because
that is really what the person filing gets, a chance to start over again.Liquidation refers to
what can happen if you have assets
that you cannot protect.