Chapter 7 bankruptcy, Glossary and Terms, Attorney's office, Personal Lawyer
Attorney's office, Law US, Rate, Review, Condition, Defense, Assurance
"Chapter 7 bankruptcy"
The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months and commonly requires only one trip to the courthouse.