woodbridge bankruptcy attorneys for Dummies
Regretably, many people get overwhelmed by the method and concern having to endure it by itself. With no assistance they require, Many individuals who attempt to file on their own are unsuccessful.
Chapter seven in the Bankruptcy Code gives for “liquidation” or discharge of selected debts to present an genuine individual debtor a “refreshing start out.” The person debtor has no liability for discharged debts.
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Filing the petition below chapter 13 “instantly stays” (stops) most assortment actions in opposition to the debtor or the debtor’s assets. Chapter thirteen also has a Exclusive “computerized keep” provision that shields co-debtors.