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Why file a Chapter 7?

April 26, 2017chapter 7 file

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Why file a Chapter 7?

2 Answers

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If you have substantial unsecured debts you may want to file a Chapter 7. You may also want to file a Chapter 7 if you want to surrender property and not owe for it. You can usually keep all your property in a Chapter 7, because you won’t have enough equity in any property to exceed the exemptions allowed.

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Posted

If you have substantial unsecured debts you may want to file a Chapter 7. You may also want to file a Chapter 7 if you want to surrender property and not owe for it. You can usually keep all your property in a Chapter 7, because you won’t have enough equity in any property to exceed the exemptions allowed.