According to Chapter 7 Bankruptcy rules, the Court empowers a Trustee to liquidate the debtor's personal assets in order to repay the debt, at least partially. In most cases, filing for Chapter 7 results in the loss of assets so that your outstanding debt can be repaid. Read more »
Categories: Bankruptcy - Tags: Bankruptcy, Chapter 7, Chapter 7 Bankruptcy Means Test, Chapter 7 Means Test
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