When people hear the word bankruptcy, they often imagine shuttered storefronts, liquidation sales, and total financial collapse. But for most individuals and families, that picture couldn’t be further from reality.
At Borowitz & Clark, we help hardworking people across California rebuild their financial lives every day—and we know firsthand that bankruptcy is not the end. In many cases, it’s the first real step toward a fresh start.
Understanding What Chapter 7 Bankruptcy Really Means
Chapter 7 bankruptcy, sometimes called a “liquidation bankruptcy,” allows you to eliminate most unsecured debts—like credit cards, medical bills, and personal loans—while keeping the property that matters most.
Many of our clients are surprised to learn that:
- You can often keep your home, car, and personal belongings through exemptions.
- Filing bankruptcy immediately stops creditor calls, wage garnishments, and lawsuits.
- Most cases are completed in just a few months, giving you the chance to reset your finances quickly.
Why Bankruptcy Is a Fresh Start—Not a Failure
Financial hardship doesn’t mean you’ve failed. It means you’re human.
Bankruptcy exists because life happens—medical emergencies, job loss, divorce, or rising living costs can overwhelm even the most responsible people. The bankruptcy system is designed to give you a path back to stability, not to punish you.
At Borowitz & Clark, our mission is to replace fear and shame with clarity and control. We’ve helped thousands of Californians protect what they’ve built and move forward with confidence.
Watch: “Bankruptcy Explained – What Really Happens When You File Chapter 7”
Our latest video in the Bankruptcy Explained series breaks down what really happens when you file Chapter 7—and dispels the most common myths about losing everything.
Ready to Take the Next Step?
If you’re struggling with debt and wondering whether bankruptcy could help, schedule a free consultation with one of our experienced attorneys. We’ll review your situation, explain your options, and help you make an informed decision about your financial future.