Chapter 7 Bankruptcybankruptcy law icon

Bankruptcy is a federal law that allows individuals to receive a court discharge from debts.

If you are considering bankruptcy to get a fresh start for your financial future, it can be important to know the difference between the types of bankruptcy. The two most common forms of bankruptcy for individuals are Chapter 7 bankruptcy and Chapter 13 bankruptcy.

Chapter 7 bankruptcy is the simplest form of bankruptcy. Chapter 7 is often referred to as “straight liquidation” bankruptcy. This implies that the debtor’s assets are liquidated. However, because of the generous exemptions under the bankruptcy code, most Chapter 7 debtors can:

  • Keep all of their property
  • Receive a discharge for their unsecured debts
  • Complete the bankruptcy process in as little as six (6) months

Individuals must qualify for a Chapter 7 bankruptcy . Generally, only those making less than the state-wide median income may file for Chapter 7 bankruptcy. If you do not qualify, you can still file a Chapter 13 bankruptcy.

Not sure which type of bankruptcy is right for you? Get legal advice from a Harrisburg law firm you can trust! At Daley Zucker, we specialize in helping residents of Harrisburg, PA and the surrounding community obtain a fresh financial start through bankruptcy.


Daley Zucker is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.  The information provided here is general and should not be substituted for the advice and counsel of an attorney.

At Daley Zucker we're here to assist you in every area of the bankruptcy process including:

Our Bankruptcy Attorneys

Steven P. Miner