An Asset Chapter 7 Case

Wasson and ThornhillChapter 7

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

Wasson and ThornhillChapter 7

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

Fraudulent Transfers

Wasson and ThornhillBankruptcy Law

“Fraudulent transfers” have similarities to “preferences.” They are both worth understanding because they can cause unnecessary hassles.