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Bankruptcy

: The Debt Podcast

What does a chapter 7 trustee do in my case?

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Debtors are frequently scared of chapter 7 trustees.  They don’t have to be. The general idea of bankruptcy is pretty simple. An honest debtor gets a discharge in bankruptcy.  The price of a discharge in bankruptcy is that the non-exempt assets of a debtor may be sold (liquidated) and the proceeds distributed to creditors. In order for [...]

Full post as published by The Debt Podcast on February 10, 2010 (boomark / email).

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