Key Takeaways Learn how Chapter 7 bankruptcy can help you gain financial relief. Understand the role an attorney plays in safeguarding your assets. Discover the key steps within the Chapter 7 bankruptcy process. Table of Contents What is Chapter 7 Bankruptcy? Role of an Attorney in Bankruptcy Protecting Your Assets Steps in the Process Common Misconceptions Importance of Legal Guidance Concluding Thoughts What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy offers a legal pathway for individuals overwhelmed by excessive debt to reset their financial circumstances. Known commonly as “liquidation bankruptcy,” this method involves liquidating the debtor’s non-exempt assets to repay unsecured debts like credit card bills, medical expenses, and personal…