What are the financial benefits to a Chapter 7 bankruptcy?

There are multiple financial benefits to a Chapter 7, these include but are not limited to:

• Stops negative reporting on your credit report
• Wipes away all eligible unsecured debt, meaning your debt-to-income ratio will significantly improve
• Eliminates all personal liability to creditors
• Stops future negative payment history, making you more attractive to future creditors
• Stops creditors from:
  • Calling you, your friends, and your family to collect debt
  • Garnishing your wages
  • Pursuing judgements against you
  • Attempting to foreclose
  • Repossessing cars or property