bankruptcy near me attorney

Chapter 7, also known as liquidation bankruptcy, wipes out debts. It’s designed for people who’ve been unable to make monthly debt payments. In a Chapter 7 case, a court-appointed trustee sells your assets (liquidates them) for cash and distributes the proceeds to your creditors. Some assets may be exempt, such as your car or household furnishings. Once completed, Chapter 7 releases you from responsibility for all the debts covered in the bankruptcy case.

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Added: 30-09-2022