Will I lose my property in a Chapter 7 Bankruptcy?
In a chapter seven bankruptcy, there is a high probability that you will lose property. In this type of bankruptcy, assets that you own will be sold, or claimed by your creditors through liens, or similar claims. There is a list of items debtors may keep, [...]
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Keeping Your Property in a Chapter 7 Bankruptcy
Wednesday, January 27th, 2010Before and After Bankruptcy: Discharge
Wednesday, January 27th, 2010If you are filing for a bankruptcy, you have most likely come across the word ‘discharge.’ This word is used to explain how debts are ‘discharged’ or removed from your record, leaving you with a clean credit report. In many cases, your liability regarding the debts on your discharge is pretty much removed. The nuts [...]