Foreclosure University Forum

protected with chapter 7 bankruptcy discharge

by allancole ⌂ @, usa, Tuesday, July 20, 2010, 06:22 (3549 days ago) @ maryland101
edited by allancole, Tuesday, July 20, 2010, 06:25

Chapter 7 is known as "straight" bankruptcy or "liquidation." It requires a debtor to give up property which exceeds certain limits called "exemptions", so the property can be sold to pay creditors. In most cases, our clients are able to exempt all of their assets and keep all of their property and get rid off all of their debt.

Massachusetts Foreclosure

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