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What type of debtor is best served by a Chapter 7?

April 26, 2017best chapter 7 debtor served type

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What type of debtor is best served by a Chapter 7?

2 Answers

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A. Someone with no property, few enough assets that they may all be exempted, large consumer debt from national creditors, low enough income that they will not be forced into a Chapter 13 and no non-dischargeable tax, student loans or court obligations.

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A. Someone with no property, few enough assets that they may all be exempted, large consumer balances due from national creditors like credit card debt, low enough income that they will not be forced into a Chapter 13 and no non-dischargeable tax, student loans or court obligations.