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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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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Most people filing for either Chapter 7 or 13 bankruptcy will work directly with an attorney to determine the best option for each financial circumstance. Chapters 7 and 13 of the Bankruptcy Code – Awareness. You should get legal assistance from a knowledgeable bankruptcy attorney in Denver.

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Chapter 13 Bankruptcy Hardship Discharge: Am I Eligible?

Sawin & Shea

Instead of fighting with your creditors, you work with them proactively in the bankruptcy process to resolve your debts. In some cases, you may be eligible for a Bankruptcy Hardship Discharge. Ineligible types of debt include secured debts, priority debts, and nondischargeable debts.

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Will Bankruptcy Erase ALL of My Debt?

Sawin & Shea

The type of bankruptcy you file will determine how your debts are handled. In Chapter 7 Bankruptcy: While not guaranteed, most debts are often discharged when you file a Chapter 7 bankruptcy. In Chapter 13 Bankruptcy: Chapter 13 bankruptcies work a little differently.

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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Debts can quickly cripple a business, and negotiating more favorable terms with creditors is usually the best way out. Businesses restructuring debt typically do so because they’re having trouble meeting obligations, and it goes both ways. Many businesses are both debtors and creditors. Past-Due Secured Debt.