Bankruptcy can sound so ominous. Visions of financial ruin and bank repossessions may come to mind. In reality, however, bankruptcy can be a real bright spot in a person’s life and signal the turn towards a bright financial future. For those struggling under what feels like unmanageable debt, bankruptcy can provide the critical relief they…
Continue reading…Who Qualifies for Chapter 7 Bankruptcy?
Chapter 7 bankruptcy offers a fresh start to those that are struggling financially. Bills start piling up and treading the financial waters may become quickly unsustainable. With Chapter 7 bankruptcy, your non-exempt property is sold off by a bankruptcy trustee to satisfy outstanding creditor obligations. In reality, however, many who file Chapter 7 bankruptcy end…
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