what is chapter 7 bankruptcy and how is it different from the others?

[delsey2007]

Look, I just have about 800 dollars in debt. I don't know what to do, I have no job, and I don't know which chapter bankruptcy would be the best method to go with? ------

[girly_heather23]

Ok. I understand you dont have income right now, but 800 is a figure that credit card companies would work with you for. The cost of filing for bankruptcy is far higher then 800. I recomend that you call your credit card company and see what solution they offer. ------

[newjerseyguy]

That is WAY too little debt to attempt BK. It would cost you more than that just to file.Get a job, then start paying. ------

[emmabail]

Chapter 7 bankruptcy is most popular because of its ability to stop creditors from harassing the debtor.When a Chapter 7 bankruptcy is filed the goes into place stopping all collection attempts by the creditors.chapter 7 bankruptcy gives lots of advantages like above to get a successful result of filing bankruptcy.