This chapter of your Bankruptcy Code provides for "liquidation" - the sale of a debtor's nonexempt residence plus the distribution with the proceeds to creditors.Having said that, those at the rear of on building automobile payments are necessary to set up a repayment system. Usually, the car or truck could possibly be repossessed being a Section o

Amongst The key decisions you’ll make is the sort of bankruptcy to file. Normally, persons may possibly file possibly a Chapter seven liquidation bankruptcy or maybe a Chapter 13 reorganization bankruptcy, though the one which’s ideal to suit your needs is dependent upon your requirements and circumstance. It’s smart to study the two varietie