FABISCH LAW OFFICES 401-324-9344
  • About
    • Staff
    • Firm News
  • Practice Areas
    • Personal Injury >
      • Rhode Island Auto Accident Attorney
      • Rhode Island Trucking Accident Attorney
      • Rhode Island Slip and Fall Attorney
      • Rhode Island Dog Bite Attorney
      • Rhode Island Medical Malpractice Attorney
      • Rhode Island and Massachusetts Wrongful Death Lawyer
    • Elder Law and Estate Planning >
      • Estate Planning
      • Nursing Home and Medicaid Planning
      • Probate and Estate Administration
      • Special Needs Planning
    • Trials and Appeals >
      • Municipal and Administrative Law
      • Unemployment Law
      • Special Education and Disability Advocacy >
        • Special Education
        • SSI Appeals
  • Probate and Estate Planning Blog
  • Articles
  • Schedule an Appointment
    • Intake Forms
  • Pay My Bill

Rhode Island Bankruptcy Law Center at Fabisch Law Offices
           For a Free bankruptcy evaluation call 401-324-9344
Chapter 7 Bankruptcy

Chapter 7 Individual Bankruptcy

Picture
Chapter 7 bankruptcy is otherwise known as “traditional” or “liquidation” bankruptcy. The primary purpose of bankruptcy is to discharge certain debts to give an honest individual debtor a "fresh start." The debtor has no liability for discharged debts. In addition, the Bankruptcy Code will allow the debtor to keep certain "exempt" property. Filing a petition under chapter 7 "automatically stays" (stops) most collection actions against the debtor or the debtor's property. As long as the stay is in effect, creditors generally may not initiate or continue lawsuits, wage garnishments, or even telephone calls demanding payments.

    Contact Us For Your Free Evaluation

Submit
  • About
    • Staff
    • Firm News
  • Practice Areas
    • Personal Injury >
      • Rhode Island Auto Accident Attorney
      • Rhode Island Trucking Accident Attorney
      • Rhode Island Slip and Fall Attorney
      • Rhode Island Dog Bite Attorney
      • Rhode Island Medical Malpractice Attorney
      • Rhode Island and Massachusetts Wrongful Death Lawyer
    • Elder Law and Estate Planning >
      • Estate Planning
      • Nursing Home and Medicaid Planning
      • Probate and Estate Administration
      • Special Needs Planning
    • Trials and Appeals >
      • Municipal and Administrative Law
      • Unemployment Law
      • Special Education and Disability Advocacy >
        • Special Education
        • SSI Appeals
  • Probate and Estate Planning Blog
  • Articles
  • Schedule an Appointment
    • Intake Forms
  • Pay My Bill