Chapter 7 Bankruptcy is often referred to as “straight” bankruptcy. A case filed under this chapter can discharge (wipe out) most unsecured debt and avoid the repayment of remaining balances. Upon the filing of a bankruptcy petition, a court order, called the Automatic Stay, will prevent any creditor from contacting you, foreclosing on your home or repossessing your car, without court approval to do so. Chapter 7 cases are usually completed in about 4 months; however, not all individuals can qualify for chapter 7 bankruptcy. A full evaluation of your personal financial situation by a bankruptcy attorney can decide if chapter 7 bankruptcy is right for you.