Chapter 7 Bankruptcy – Liquidation
Description:
Chapter 7 bankruptcy is known as liquidation bankruptcy. However, in most cases, there is nothing to liquidate. The debtor gets to keep a large portion of personal property while going through the process. The Illinois law that allows the debtor to keep property while filing for bankruptcy is known as exemptions. They apply to homes,+ Read MoreThe post Chapter 7 Bankruptcy – Liquidation appeared first on David M. Siegel.
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