Whether you file for liquidation or debt reorganization bankruptcy, it’s likely that one or more of your debts will be discharged in the process. Discharging debts in Chapter 7 serves to simultaneously relieve debtors of unmanageable financial hardship and allow fair treatment of creditors despite a lack of full repayment. In a Chapter 13 case, […]
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Understanding the Predischarge Debtor Education Requirement for Bankruptcy in Luverne, MN
March 2nd, 2018 · No Comments
Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Information · Chapter 13 Bankruptcy · Chapter 7 Bankruptcy · Liqudation Bankruptcy
Exempted Properties and Debts Involved with Chapter 7 Liquidation Bankruptcy in Mankato, MN
August 30th, 2016 · No Comments
Chapter 7 bankruptcy is the most common form of bankruptcy used to address issues of bankruptcy for individuals and businesses. Almost all cases of Chapter 7 bankruptcy involve converting all of the debtor’s assets into a cash value—otherwise known as liquidity. Because Chapter 7 functions to turn a debtor’s property and assets into cash used […]
Tags: Liqudation Bankruptcy