no asset Chapter 7 case Archives

Your Chapter 7 trustee may pay your priority debts--in full or in par--through the proceeds of the sale of your unprotected, not exempt assets.

Usually if you don'='t list a debt, it doesn't get discharged. An exception is if the creditor still learns about your case, on time.

If you are expecting an inheritance, or even if you are not, the special rules about them are worth your attention to prevent bad surprises.

To find out if you can keep everything you own in a Chapter 7 case, the first step is finding out what's in your bankruptcy estate.

What happens when something you own is not or may not be exempt (protected)? What does the trustee do about this and what is the end result?

Going through bankruptcy is much more comfortable if its language is decoded for you. Hereâs a practical way to do this.

Chapter 7 "straight bankruptcy" is quick, usually quite straightforward, and appropriate for more situations than you might think.

Give your asset to the Chapter 7 trustee to pay a very special creditor. Either because you donât need that asset or itâs your best option.

Most people who file bankruptcy under Chapter 7 do not have to surrender anything to their trustee because everything they own is "exempt."

If you're filing a "straight bankruptcy" case, how do you keep your income tax refund?