Chapter 7 Bankruptcy

By |2020-10-25T11:35:55-04:00Sep 26, 2020 |Chapter 7 Bankruptcy|0 Comments

Without a doubt, Chapter 7 is the most widely known and popular bankruptcy chapter.  Everyone has heard of Chapter 7 and the ability to get rid of your debt within a 3 to 4 month period.  In a Chapter 7 bankruptcy, you must disclose all of your debt and all of your assets to the bankruptcy court.  You must also disclose any financial transactions such as a transfer of real property, transfer of a car, gifts of money, or repayment of a debt to relatives or friends within the past several years before filing bankruptcy.  The bankruptcy court appoints a trustee [read more]