Otherwise the Chapter seven bankruptcy trustee will promote your home or automobile, return the exemption sum to you personally, and distribute the remaining product sales proceeds to creditors.. The sale from the debtor’s assets results in proceeds that happen to be divided among the curiosity holders within the debtor. The division of proceeds

Having said that, filing bankruptcy as someone without having a lawyer might be incredibly risky. Just leaving an asset off a doc can set your circumstance at risk of dismissal, and harm your likelihood for debt consolidation or discharge.People wanting to consolidate financial debt normally have two distinct solutions. A 0% curiosity, stability-tr