ABSTRACT
Chapter 7 and Chapter 13 bankruptcy provide certain advantages to the debtor:
A debtor can get a fresh start. After the discharge order is obtained, there is no further obligation to pay the debt.
Creditors cannot foreclose on homes or repossess automobiles.
The debtor can recover property taken in the last 90 days.
Collection agency harassment will stop.
Lower payments on existing debt can be arranged.
Utilities can be restored.
Creditors who may be gouging the debtor will be blocked.
