Articles from The Law Offices of Adrienne Woods

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Chapter 7 bankruptcy is designed for people who, no matter how hard they work, will find it nearly impossible to ever pay off all their debts and be able to afford daily necessities at the same time.

A primary purpose of a bankruptcy proceeding is to gather all of the assets of a debtor for the distribution to creditors in accordance with bankruptcy principles. One such principle is that a debtor may not “prefer” one creditor over another.