Filing for bankruptcy under Chapter 7 can be a challenging process, especially for first-time filers. It requires a lot of time and dedication to get a fresh start in life. One of the critical elements of filing for Chapter 7...
Chapter 7 of the Bankruptcy Code provides for “liquidation” of your debt and sometimes your nonexempt assets. The trustee will evaluate the debtor’s nonexempt property and if it can be sold for real value,...
Chapter 7, bankruptcy is the most common form of personal bankruptcy. If you have a choice, Chapter 7 is a faster and easier form of bankruptcy. Chapter 7 effectively eliminates your debt without having to complete a payment...
Chapter 7 bankruptcy is often called a liquidation bankruptcy. A court-appointed trustee will examine your assets to determine if any non-exempt property is valuable enough to be sold and the proceeds distributed to your...
When you are considering bankruptcy, it is good to know a little about the legal actions you are about to take. If you know a bit about what to expect, the whole process will be less intimidating. Chapter 7 bankruptcy is the...
