Legal Question in Bankruptcy in California

Hi. Your Ch 7 filling will eliminate forever all your unsecured debts...such as your credit cards. Federal law requires that you disclose all your assets including your home and car..and disclose all your debts including your mortgage and car loan, credit cards, etc...but it sounds like if u got a modification your home is probably worth less than u owe so there's no equity to worry about...and with regard to your car it will be your choice to keep it and continue paying for it...or return it and cancel the debt...or redeem it if it's worth substantially less than u owe. Once your debts are discharged none of the discharged creditors can ever come after you. That's your fresh start and that's what chapter 7 is all about.

Discharge (through bankruptcy) of debts that are in default will preclude creditors from garnishing, levying or encumbering your property. Prepetition judgment liens must be dealt with via separate procedure during the pendency of one's bankruptcy case.

This answer (as well as our Web site) by Bankruptcy Attorney, Asaph Abrams doesn�t address all facts & implications of the question; it�s general bankruptcy info, not legal advice to be relied upon. The answer creates no attorney-client relationship; it may be pertinent to CA bankruptcy law only and it�s independent of other answers. Seek legal counsel before acting on or refraining from bankruptcy- or other legal-action.