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Whats a Rule 2004 Examination in an Arizona Chapter 7 Consumer Bankruptcy?

April 26, 2017Arizona Bankruptcy chapter 7 consumer rule

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Whats a Rule 2004 Examination in an Arizona Chapter 7 Consumer Bankruptcy?

1 Answer

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10 Posted

Posted on April 15, 2010 Most Chapter 7 cases (about 97%, I understand) are what are called “no asset” cases, which simply means that the only assets in the Chapter 7 Bankruptcy Estate are exempt, over-encumbered, or worthless. Then there are the other three per cent of cases, or “asset” cases…