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Filing for Chapter 7 bankruptcy is a useful tool for those facing overwhelming debt, but who have few to no assets. However, filing for Chapter 7 bankruptcy involves several key stages, one of which is attending a bankruptcy hearing.

Chapter 7 bankruptcy, often referred to as "liquidation bankruptcy," is one of the most common forms of bankruptcy for individuals seeking a fresh financial start. Chapter 7 bankruptcy allows individuals to discharge most unsecured debts, including medical bills, credit card debts, and personal loans. The main advantage of this form of bankruptcy is that it provides a chance for a fresh start, allowing individuals to eliminate debt in a relatively short time frame—usually between three to six months. However, it's crucial to understand that some debts, such as student loans, child support, and certain taxes, are non-dischargeable and may still need to be paid.