Chapter 7 bankruptcy is a liquidation proceeding under the U.S. Bankruptcy Code, commonly referred to as the “fresh start” bankruptcy. In Chapter 7, you pay nothing to your creditors but risk losing your unprotected or unencumbered valuable assets to liquidation by a Chapter 7 trustee. The duration of a typical Chapter 7 case is 3 to 4 months from filing to discharge. The total cost of a Chapter 7 case consists only of attorney’s fees ($800 to $2,500), credit counseling ($20), and court costs ($338). Eligibility for Chapter 7 is determined by your income, your expenses, and the character and amount of your debts. Chapter 7 is fast, easy, affordable, least stressful, and guaranteed. It’s the ultimate debt relief.