How It Works The first step in a Chapter 7 bankruptcy is the debtor files a bankruptcy petition. In addition the debtor must file schedules of assets and liabilities; schedules involving monthly income and expenditures made by the debtor; a … [Read more...]
The Chapter 7 Bankruptcy
A Chapter 7 bankruptcy is the most commonly filed bankruptcy in the United States. A Chapter 7 bankruptcy allows the debtor the opportunity stop a home foreclosure, stop collection actions against them and obtain a fresh start. The Means … [Read more...]
The Chapter 7 Bankruptcy
The Chapter 7 bankruptcy is a liquidation type of bankruptcy. Generally speaking most people who file a Chapter 7 bankruptcy have no assets that need to be liquidated. In this case the Chapter 7 bankruptcy simply eliminates all of the debt that you … [Read more...]
