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Bankruptcy

: The Debt Podcast

What is Chapter 7 Bankruptcy?

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Chapter 7 Bankruptcy, also called ?Straight Bankruptcy? allows a debtor to discharge, or wipe-out, dischargeable unsecured debts. Unsecured means that there are no liens against property you own, given in exchange for the debt. Examples of unsecured debts are credit cards, medical bills, professional?s fees, or personal loans. However, most student loans, and many taxes [...]

Full post as published by The Debt Podcast on September 22, 2009 (boomark / email).

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