Chapter 7: Asset Case Versus No-Asset Case

Asset Case Versus No-Asset Case

As part of every bankruptcy, the filer must list all of their assets, and failure to do so could result in criminal fines and jail time. Therefore, It is important to understand the difference between a Chapter 7 bankruptcy asset case versus no-asset case to protect your property in Chapter 7.

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Should I file Chapter 7 or Chapter 13? Part 1 – Chapter 7

I can’t tell you how often we have clients calling us and explaining that they only want to file Chapter 7 bankruptcy, or they ask us “should I file Chapter 7 or Chapter 13”? There are various advantages and disadvantages to each chapter, and we explain these to our clients so that they can make an informed decision that’s right for them.

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Chapter 7 Bankruptcy Exemptions

Chapter 7 bankruptcy exemptions are used to protect different types of property in Chapter 7 bankruptcy from the reach of a Chapter 7 trustee and creditors.

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