Chapter 7 Bankruptcy: A liquidation bankruptcy in which the bankruptcy
trustee sells the debtors nonexempt property and distributes the proceeds
to the debtors creditors.
At the end of the case, the debtor receives a "discharge" of all remaining
debts, except those not authorized to be discharged under the U.S.
Bankruptcy code.
Chapter 7 Bankruptcy can provide a new beginning with your finances by
eliminating credit card debt, delinquent bills, and reducing your total debts
to $0, quickly.