BY MICHAEL A. CIBIK, ESQ. AMERICAN BANKRUPTCY BOARD CERTIFIED Question: What is Chapter 7 bankruptcy? Answer: Chapter 7 bankruptcy is commonly known as liquidation bankruptcy. This type of bankruptcy is best for those who simply cannot repay their debts. When filing Chapter 7 bankruptcy, the court places a stay on your debts, stopping creditors from … Continue reading Understanding Bankruptcy, 7/28/2020