What Assets Do You Lose in Chapter 7?
Sawin & Shea
APRIL 10, 2024
If you are not, this test determines how much you are required to pay back to your unsecured creditors in a Chapter 13 reorganization. Mortgages and car loans are both considered secured debts because they both have backing collateral. This is a test that determines if you are eligible for a Chapter 7 bankruptcy.
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