Chapter 7 Bankruptcy

Chapter 7 bankruptcy, often called "liquidation bankruptcy," allows individuals to eliminate debt by selling non-exempt assets to pay creditors. However, not all property is subject to liquidation. Bankruptcy laws provide exemptions that let filers keep certain...

Filing for Chapter 7 bankruptcy can be critical for individuals or businesses seeking relief from overwhelming debt. However, not all filings are accepted.  Denials can result from various factors. Understanding these can help potential filers avoid common pitfalls....

Making the decision to file for bankruptcy is incredibly difficult. It’s a financial position that no one would choose to be in and it can feel truly devastating. It’s important to recognize, however, that filing for bankruptcy can be the best choice you make for you...