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Tag Archives: Chapter 7 bankruptcy

What Property Can I Keep When Liquidating Through Chapter 7 Bankruptcy?

Although Chapter 7 bankruptcy involves selling off many assets to help partially repay creditors, the law exempts many types of property from the liquidation process in an effort to leave you with enough assets to have a fresh start. However, you have a number of choices to make, including choosing between the exemption lists offered […]

Discharged Debts In Chapter 7 Bankruptcy

Upon filing for Chapter 7 bankruptcy, you are not required to directly make a payment for any portion of your debts. The trustee will split any of your non-exempt assets among your creditors, and the remainder of the debt will be discharged by the court. Filing for Chapter 7 bankruptcy is a mechanism that provides […]

Is Chapter 7 Bankruptcy Always the Best Option?

While Chapter 7 bankruptcy may represent the quickest and easiest option, it is not necessarily the best option. Not all people qualify for Chapter 7 filing, and those who meet the requirements may have any number of reasons for choosing another form of bankruptcy or an alternative debt relief solution. A Queens Chapter 7 bankruptcy […]

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