An Overview Of Chapter 7 Bankruptcy Chapter 7 bankruptcy is sometimes called "straight" bankruptcy. This bankruptcy cancels most of your debts; in exchange, you might have to surrender some of your property. The whole Chapter 7 bankruptcy process usually takes three to six months, costs about $175 in filing fees, and commonly requires only one trip to the courthouse. To file for bankruptcy, you fill out a two-page petition and several other forms. Then you file the petition forms with the bankruptcy court in your area. Basically, the forms ask you to describe: ....

Number Of Words: 815

Number Of Pages: 3

Join today and get unlimited access to our vast database of student-written essays and term papers. This paper along with over 45,000 other papers are available in our member's area right now. Full instant access is just seconds away! Membership Options Price 1 month  subscription $18.95 recurring        3 months subscription $34.95 recurring        6 months subscription $59.95 non-recurring