Tag Archives: Chapter 7

Frequently Asked Questions (Bankruptcy)

Frequently Asked Questions (Bankruptcy)

Posted on 12. Mar, 2009 by emmettjones.

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If most debtors had the option, they would choose to file a Chapter 7 bankruptcy as opposed to a Chapter 13.  Why isn’t that option available to everyone? Debtors that have disposable income are usually unable to file a Chapter 7 bankruptcy.  In part because the bankruptcy trustee is unwilling to let the debtor keep [...]

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Chapter 7

Chapter 7

Posted on 12. Mar, 2009 by emmettjones.

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Chapter 7 is typically known as the “liquidation” bankruptcy.  The liquidation refers to the liquidation of unprotected assets in order to pay off a debtor’s debts (NOTE: depending on the assets you have, you may not lose any of your assets with a Chapter 7 filing.  Schedule a consultation with an attorney to discuss your [...]

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