Under Chapter 7 bankruptcy, some of your property may be turned over to a bankruptcy estate for sale. However, there are some exemptions to this — your primary homestead, a motor vehicle, and other items of personal property, up to a certain value. The rules are different for Chapter 13 filings, so it is important to figure out which is best for your situation.
The main benefit of Chapter 7, of course, is having your debts discharged — a process that might take only three to six months from when you start the process. Contact me to set up a free consultation about your financial situation. Call today at 682-253-6781 or email us your information via our online contact form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
