Chapter 7 Bankruptcy
By: Abby and Connor
Who is chapter 7 bankruptcy for?
When you file....
You can file every six years.
Stays on your credit report for up to ten years.
You lose all your credit cards.
The process usually takes 3-6 months to complete.
Selling assets that aren’t necessities and giving profits to creditors.
An individual person or member of a broad given control or powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified.