Will I lose all of my property? The answer is a simple no. In fact, most Chapter 7 Bankruptcies are “no asset” cases, meaning the Trustee is not going to take any property or money from you. You won’t lose any property if you can claim an exemption. An exemption is simply a mechanism that protects your property from your creditors and the Bankruptcy Estate.
Read MoreAlthough a bankruptcy will eliminate your personal liability regarding the judgment, unless your attorney takes additional steps to remove the judicial lien it will continue to encumber the property until it is paid.
Read MoreThe Means Test determines whether an individual or couple is eligible to file a Chapter 7 Bankruptcy. However, there are limited circumstances where the Means Test may not be applicable.
Read MoreThough bankruptcy can be a difficult time, we want to make it as easy and stress-free as possible. If you ever need to talk about your finances, just call me at (314) 802-8328.
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