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Who Can Declare Chapter 7 Bankruptcy?

Sawin & Shea

If you’re struggling with overwhelming debts, Chapter 7 bankruptcy could be your best option. Chapter 7 is the most common form of bankruptcy for individuals and families, and it allows you to discharge many of your unsecured debts within only a few months. What is Chapter 7 Bankruptcy?

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Common confusion between Chapter 7 and Chapter 13 bankruptcy

Roths Child Law

People who have too much debt and can’t make payments often declare bankruptcy to help relieve them of their financial obligations. While people have many bankruptcy options, typically, people only file for Chapter 7 or Chapter 13 bankruptcy – two of the most commonly used debt relief solutions.

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What Assets Do You Lose in Chapter 7?

Sawin & Shea

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. What Is Chapter 7 Bankruptcy?

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Types of Property Subject to Seizure in Chapter 7 Bankruptcy

Sawin & Shea

Filing Chapter 7 bankruptcy provides numerous Indiana residents with debt relief. Fortunately, the vast majority of Chapter 7 filers are able to retain all of their property while also discharging their debts. Indiana Chapter 7 Bankruptcy Exemptions.

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Can You Convert Chapter 13 to Chapter 7?

Sawin & Shea

No matter who you are, bankruptcy can be an incredibly stressful process—but it doesn’t have to be. One question we get a lot from many of our clients when they are filing for bankruptcy or have already filed is, “Can I convert Chapter 13 to Chapter 7?” .

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What Is the Difference Between Chapter 7, 11, and 13 Bankruptcies?

Credit Corp

If you decide to file for bankruptcy, you must next decide which type of bankruptcy is right for you. Most individuals have three options, and understanding Chapter 11 vs. Chapter 13 vs. Chapter 7 is important in making the right decision. What Is Chapter 11 Bankruptcy?

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Bad Faith Dismissals in Bankruptcy, Part 2: Chapter 7 Debtors with Primarily Consumer Debts

Jimerson Firm

When a debtor files for bankruptcy, a creditor may be able to seek dismissal of the bankruptcy if the petition was filed in bad faith. This article will provide an overview of the options available to a creditor if a debtor with primarily consumer debts files for Chapter 7 bankruptcy. 11 U.S.C. §