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CHAPTER 7

Often called a “fresh start” bankruptcy, Chapter 7 is designed to eliminate most types of unsecured debt obligations, such as credit cards, medical bills, and deficiencies from repossessions. Chapter 7 bankruptcies may also eliminate certain types of taxes, judgment liens, and can sometimes even discharge student loans.

Chapter 7 cases are also called “liquidation” bankruptcies. This title comes from the fact that a Chapter 7 Trustee has the power to liquidate certain types of assets to pay creditors. Deciding to file a Chapter 7 case requires a careful examination of the client’s situation so as to avoid the possibility that the client could loss a valuable asset – such as a tax refund, inheritance, or interest in real property. At Speckman Law Firm, we always engage in pre-bankruptcy planning to manage this issue – something many lawyers and law firms fail to adequately do. We never rush this process – we work with our clients to ensure that the bankruptcy process runs smoothly and with the least impact on the client’s life as possible.

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  • About Us
  • Practice Areas
    • Litigation
      • Personal Injury
      • Fraud
      • Business Commercial Litigation
      • Real Estate
      • Consumer Protection
      • Bankruptcy Litigation
      • Elder Abuse
    • Bankruptcy
      • Personal Bankruptcy
        • Chapter 7
        • Chapter 13
        • Chapter 11
        • Eliminate a Lien
        • Taxes and Bankruptcy
        • Emergency Bankruptcy
      • Business Bankruptcy
    • Real Estate
      • Transactional
      • Litigation
  • Our Victories
  • Client Corner
    • Make a Payment
    • Intake Form
    • Preferred Professionals
  • Contact us
Speckman and Associates