What Is The Working Style Of A Chapter Seven Bankruptcy?
Call: 888-297-6203 How does Chapter 7 bankruptcy work? The most prevalent type of bankruptcy is a Chapter 7 bankruptcy. Under Chapter 7, you are not required to enter a repayment plan. The trustee will instead sell any non-exempt property to pay off your creditors. This procedure is followed in accordance with the Bankruptcy Code and is overseen by the court. The property that will be excluded, nevertheless, will depend on the laws of your state. Therefore, it is crucial to talk about your assets with your lawyer before submitting. How Can I Get Chapter 7 Relief? You [...]