What Assets Do You Lose in Chapter 7?
Sawin & Shea
APRIL 10, 2024
Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. The bankruptcy trustee will sell your non-exempt assets to pay a portion of your debts to creditors.
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