Foreclosure and repossession. Whilst the automated stay will quit a foreclosure or repossession, filing for Chapter 7 will not assist you to preserve the property. You can drop the house or automobile when the remain lifts if you can't deliver the account present-day.After the trustee has liquidated the nonexempt belongings and dispersed the procee… Read More


Chapter 7 bankruptcy discharges the filer’s personalized obligation to pay for the secured personal debt, nonetheless it doesn’t erase the lien in opposition to the house by itself. Whether or not there’s no private liability to pay for back a vehicle financial loan, the car alone remains to be securing the loan.Whilst the results of bankrupt… Read More