Finishing a Chapter 7 Case Successfully

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Most likely your Chapter 7 case will be completed successfully. But be aware of these essential steps to make sure it does happen.   You’ve filed a Chapter 7 “straight bankruptcy” case, which stopped all creditor collections actions against you. About a month later you’ve gone through the Meeting of Creditors with the Chapter 7 trustee. Now within two more … Read More

A List of Ways Chapter 7 Buys Time for Your Vehicle or Home

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If you get behind on payments on your vehicle or home, in many different situations Chapter 7 buys you the time you need.   In the last several weeks of blog posts we’ve given many examples of how bankruptcy can buy you time for your vehicle and for your home. Here’s a summary how a Chapter 7 “straight bankruptcy” filed … Read More

A Simple Chapter 7 Asset Case

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Chapter 7 “asset” cases may sound scary. They needn’t be. We walk you through a very straightforward example to demystify this.

An Asset Chapter 7 Case

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Most Chapter 7 cases are “no-asset” ones. So, what’s an “asset case,” and is it good or bad for you?

Your No-Asset Chapter 7 Case

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Most individual consumer Chapter 7 cases are “no asset” ones. This means that the Chapter 7 trustee doesn’t liquidate any debtor assets.