Exemptions

Overview of Chapter 7 Bankruptcy

April 26, 2021April 24, 2021

Chapter 7 Bankruptcy is the most well-known and widely used from of Bankruptcy. Chapter 7 accounts for about 70% of cases that are filed. Most cases are relatively quick and painless with the Debtor receiving a discharge within about 3 months of filing allowing them to get a fresh start. Most Chapter 7 cases are … Read more

Bankruptcy Exemptions: Basics and Pitfalls

April 24, 2021August 5, 2018

Bankruptcy Exemptions: The Basics You are required to list all of your property (assets) when you file a Bankruptcy case. Your property can then fall into exemptions which allow you to keep that property. The purpose of the exemptions is to give you a fresh start and not a leg up. Different states have determined … Read more