Often called a “contemporary start off” bankruptcy, a “clean up slate” bankruptcy or a “liquidation,” Chapter 7 bankruptcy is The easiest method to acquire Charge of your money problem and begin around by doing away with your debts. In Chapter seven you will wipe out your charge card debts, healthcare payments, payday loans, lawsuits, j

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However, not all assets below Chapter 7 are liquidated — certain assets are exempt from sale proceedings and might stay with the debtor.Also, unlike Chapter 13, Chapter seven has no payment strategy option for catching up on late home finance loan or car or truck payments. So you could lose your property or car if you're behind within the bank lo