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5 questions to ask before filing for bankruptcy

Roths Child Law

JULY 12, 2023

What is liquidation bankruptcy? Liquidation bankruptcy is another name for Chapter 7 bankruptcy. What this means is that people who file for Chapter 7 bankruptcy may have their assets liquidated to appease creditors. However, only non-exempt assets are liquidated and this process rarely happens.

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What Can I Keep if I File For Chapter 7 Bankruptcy?

Sawin & Shea

SEPTEMBER 27, 2023

The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. The goal is to not leave you completely destitute after filing for bankruptcy. These exemptions help ensure you have someplace to live, transportation to get to and from work, and other essentials.

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