Chapter 7 Bankruptcy

Riverside Chapter 7 Bankruptcy Attorneys

We Are Here to Help You Tackle Unmanageable Debt

The Bankruptcy Law Firm has the team of reliable and dedicated attorneys that you need in your corner to help you find viable solutions for your debt issues. The recent economic downturn has forced millions of Americans to file for bankruptcy protection to help regain financial stability and stop creditor harassment. If you are considering your bankruptcy options, then reach out to our Riverside bankruptcy attorneys so we can help you determine if Chapter 7 bankruptcy is the right option for you.

If you have little or irregular monthly income and a significant amount of unsecured debt from medical bills and credit card debt, then filing for Chapter 7 bankruptcy might be the right move to achieve financial freedom from debt. No matter what your circumstances are, our compassionate lawyers are here to listen to your questions and provide answers so you can take swift and effective action.

With our firm, you will never be treated as just another case number or file. We tailor our approach to reach a completely customized solution that can help bring the best possible outcome to your unique situation.

What Is Chapter 7 Bankruptcy?

With a Chapter 7 bankruptcy, also called a "liquidation bankruptcy," the debtor gets their debt discharged (or cleared) in exchange for having their non-exempt (unprotected) assets liquidated. During the Chapter 7 bankruptcy process, the bankruptcy trustee sells off the debtor’s non-exempt assets and uses the profits to repay debts owed to creditors. In most Chapter 7 cases, the debtor owns few nonexempt assets that are subject to liquidation.

Debtors who complete Chapter 7 bankruptcy are often eligible to get a substantial portion (if not all) of their debt discharged. The bankruptcy discharge releases the debtor from personal liability for certain types of debts, which means the debtor is no longer legally obligated to pay any debts that were discharged in bankruptcy.

The discharge also acts as a permanent order that prohibits creditors from trying to collect discharged debts and communicating with the debtor about such debts. With a Chapter 7 case, the discharge generally happens about four months after the bankruptcy is filed with the clerk of the bankruptcy court.

Why Kind of Debts Are Dischargeable in Chapter 7 Bankruptcy?

Filing for Chapter 7 bankruptcy allows debtors to discharge the following unsecured debts:

  • Past-due utility bills
  • Auto repossession
  • Credit card debt
  • Personal loans
  • Medical bills

The following types of debt cannot be discharged in a Chapter 7 bankruptcy:

  • Court-ordered fines
  • Child support
  • Spousal support or alimony
  • Victim restitution
  • Certain taxes
  • Debts for personal injury having to do with DUI accidents
  • Debts for certain condominium or cooperative housing fees
  • Debts for most government-funded educational loans

Schedule a Case Consultation with Our Riverside Bankruptcy Team Today

If you are interested in finding out if Chapter 7 is right for you, then it is vital that you seek counsel from a qualified attorney. We urge you to contact our seasoned bankruptcy attorneys at The Bankruptcy Law Firm right away so we can explain how Chapter 7 bankruptcy works, help you take the means test, and assist you in properly weighing the pros and cons of this type of bankruptcy.

Since we opened our first law office, we have represented clients in over 8,000 bankruptcy filings! Attorney Rita Kostopoulos is a certified bankruptcy specialist by the American Board of Certification, and our firm has been named as one of the Top 100 Firms by the Debt Education and Certification Foundation (DECAF). Contact us right away so we can talk about all of your debt relief options.

Call (951) 899-2100 or fill out our online form to set up a free case consultation with a member of our legal team.

Awards & Associations

  • American Board of Certification
  • Excellent Rating on Avvo
  • National Association of Consumer Bankruptcy Attorneys
  • American Bankruptcy Institute

Contact Us

All Consultations Are Free and Confidential
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