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How Can A Chapter 7 Bankruptcy Attorney Help You

Chapter 7 bankruptcies, occasionally termed “liquidation bankruptcy” terminates your debts. However, you possibly have to allow the bankruptcy court sell (liquidate) a part of your property to benefit your creditors, in case you are unable to repay the borrowed amount. It relates to the chapter- ‘The Federal Bankruptcy Code’. Time and Money: The entire Chapter 7 bankruptcy procedure takes a minimum of four, and a maximum of six months. The fee for the entire process is low – so, it will not punch a big hole in your pocket. Usually, only a single trip to the courthouse is sufficient. It is necessary to fulfill credit counseling from an agency permitted via the US Trustee. However, for an individual who is a stranger to the process,…

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