Ramos Law Firm is an agency concentrated of debt liberation under the Federal Law of Bankruptcy that helps debtors declare bankruptcy in San DIego.
The San Diego Bankruptcy Attorney at Ramos Law Firm will explain that a chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
