Many people are afraid that in a personal bankruptcy, they will have to give up everything they own. Fortunately, this is not the case. Chapter 7 bankruptcy does require the debtor to surrender some assets, but there are many exemptions. These exemptions mean that...
Month: April 2022
What is the automatic stay during bankruptcy?
There are a variety of different ways that personal bankruptcy may be able to provide important protections to those burdened by overwhelming debt. One of those protections is the automatic stay that goes into effect once the filing party files for bankruptcy...