Below Chapter 7 bankruptcy, the trustee will liquidate your non-exempt assets and distribute the proceeds in your creditors. In Chapter 13 filings, the trustee also oversees the debtor's repayment prepare, receives payments from your debtor and disburses the money to creditors.Also referred to as reorganization bankruptcy, Chapter 13 bankruptcy wil

Even for people who get rid of their residence or motor vehicle, bankruptcy provides rewards. For more specifics, see our articles on what takes place with the house and your car or truck in Chapter 7 bankruptcy.File paperwork: Your legal professional will help with filing your petition and also other paperwork. But it surely’s on you to collect