Practice Areas
Chapter 7 Bankruptcy
Overwhelming debt doesn't have to define your future. Chapter 7 bankruptcy can eliminate most unsecured debts and give you a genuine fresh start.
A Fresh Financial Start Under Federal Law
If you are struggling with unmanageable debt — credit card balances, medical bills, personal loans — Chapter 7 bankruptcy may provide the relief you need. Chapter 7 is a federal legal process that allows eligible individuals to discharge most unsecured debts and start fresh financially.
At Hernandez & Schapiro, Inc., we have guided California clients through the bankruptcy process since 1987. We understand that filing for bankruptcy is a difficult decision, and we approach every case with sensitivity and respect. Our attorneys will explain the process clearly, answer your questions honestly, and handle all the paperwork and court filings on your behalf.
One of the most immediate benefits of filing Chapter 7 is the automatic stay — a court order that goes into effect the moment your case is filed and immediately stops most collection actions, including creditor calls, wage garnishments, lawsuits, and foreclosure proceedings.
When you hire our firm, you work directly with an attorney throughout the entire process. We will make sure you understand your rights, protect your exempt property, and achieve the best possible outcome for your financial situation.
Benefits of Chapter 7 Bankruptcy
Frequently Asked Questions
Will I lose my property if I file Chapter 7?
California has generous bankruptcy exemptions that protect many types of property, including equity in your home, your car up to a certain value, retirement accounts, household goods, and more. Most of our clients keep all or most of their property.
How long does Chapter 7 bankruptcy take?
A typical Chapter 7 case is completed in approximately 3 to 6 months from the date of filing. Once your discharge is granted, most eligible debts are permanently eliminated.
Will bankruptcy ruin my credit forever?
A Chapter 7 bankruptcy remains on your credit report for up to 10 years. However, many clients find that their credit begins to improve relatively quickly after discharge because their debt-to-income ratio improves significantly.
Do I qualify for Chapter 7?
To qualify for Chapter 7, you must pass the "means test," which compares your income to the California median income. Our attorneys will evaluate your financial situation and determine whether Chapter 7 is the right option for you.