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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. If the court grants a judgment in favor of the creditor, they have additional collection options, such as wage garnishment, bank account levies, or placing liens on the debtor’s property. What Are My Exempt Assets?

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