What is chapter 7 bankruptcy? In a chapter 7 bankruptcy case, the bankruptcy trustee gathers and then sells the debtor's nonexempt assets and proceeds to pay the creditors following the Bankruptcy Code. Some portions of the debtor's property may be [...]
If the debt keeps mounting and you have found yourself drowning in bills and calls from debt collector calls, it might be time to seriously consider the option of bankruptcy. Two common programs used to eliminate debt are Chapter 7 [...]
If you’re considering bankruptcy, it is important to understand the different types and how they will impact you. Here, we’re going to take a look at Chapter 7 – also referred to as liquidation or straight bankruptcy. And this is [...]
People can face financial distress at any point in their life. And sometimes it can seem as if it just shows up out of nowhere to completely wreak havoc on your life as you know it. Especially in the face [...]
Have you tried catching up on your debt but still can’t seem to get a handle on it? This might have you wondering what your next step should be. Chapter 7 bankruptcy can offer you relief from this debt by [...]
The COVID-19 pandemic has taken a toll on people in more ways than one. While it undoubtedly has physical effects, it has also presented challenges in people’s financial lives. Unfortunately, the outbreak continues and many people are beginning to worry [...]
