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Bankruptcy

: Bankruptcy Law Network

List all of your assets in your bankruptcy case - it?s a crime not to

By David Leibowitz, Illinois and Wisconsin Bankruptcy

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I’m not filing bankruptcy on my motorcycles.  Some debtors believe that if they file a bankruptcy case, they get to keep all their property.  That’s not true.  A debtor in chapter 7 gets to keep his or her exempt property.  However non-exempt property could be sold by the trustee to pay creditors’ claims. A debtor I know just [...]

Full post as published by Bankruptcy Law Network on May 29, 2009 (boomark / email).

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