Law offices of G A Flores

Chapter 7

gavel_2Chapter 7 Bankruptcy: Under Chapter 7 bankruptcy, you usually discharge all unsecured debts (credit cards, medical debt, debts not tied to any specific property) by liquidating your personal assets that have value exceeding an available exemption. This plan is especially attractive for people with modest incomes, who lack any significant personal property. You do run the risk of losing property in order to pay off your creditors.

Guillermo A. Flores, Esq.

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