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What exactly is Chapter 7 Bankruptcy Law? Federal law outlines a number of different kinds of bankruptcy.  Chapter 7 bankruptcy law is most often reserved for people or companies who are about to become bankrupt.  Filing for chapter 7 bankruptcy within the state of New York can provide immediate debt relief for many individuals or businesses due to financial turmoil.  However, bankruptcy is not without its drawbacks, which makes it important to have some basic information in order to make an informed decision. Top 7  Bankruptcy Lawyer In Texas Allmand Law Shuster Law, PLLC Christopher Todd Morrison P.C. Graham Legal PLLC DeMarco Mitchell PLLC Weston Legal PLLC Gilpin Law Firm PLLC  Chapter 7 Bankruptcy Law How Does It Works The first step to take in determining whether or not to file for chapter 7 bankruptcy is to contact an experienced bankruptcy lawyer .  Each state has its own unique bankruptcy laws.  This means that you must contact a qual...