In Chapter 7, the debtor's estate is liquidated underneath the guidelines of the Bankruptcy Code. Liquidation is the procedure by which the debtor's non-exempt assets is sold for cash by a trustee as well as hard cash is distributed to creditors.
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Reaffirmation: If you need to keep your car or truck and they are selected you'll be able to afford to pay for payments, another choice is to reaffirm it with your lender.
Irrespective of whether you’re taking into consideration bankruptcy or at this time under-going the proce
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If your wife or husband fights the charges, it will induce you to invest a lot more time and money in court docket and authorized expenses.
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