Is Chapter 7 Bankruptcy the Right Way to Solve Your Financial Woes?

Is Chapter 7 Bankruptcy the Right Way to Solve Your Financial Woes? | Laraine E. Schwartz

If you find yourself falling far behind on paying your debts, bankruptcy is one possible solution to consider. The long time solution of bankruptcy has always been available to help someone in economic trouble obtain a fresh start on their financial life. By filing a Chapter 7 bankruptcy, an individual is allowed to keep certain property, which is considered “exempt.” If your assets qualify for these  exemptions, after Chapter 7 is filed and discharged you will be able to retain title or ownership of these properties.

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