Will You Lose Assets In A Chapter 7 Bankruptcy Case?
When using Chapter 7 bankruptcy, you will experience a tradeoff. This branch provides forgiveness of certain debts, but the tradeoff is that you might lose some of your assets. Will you receive forgiveness of all your debts, and will you lose all your assets? You will probably not receive forgiveness of every debt or lose every asset, but you could lose some. Here are several things to know about your debts and assets in a Chapter 7 case.
[Read More]