What can be taken in a Chapter 7 bankruptcy?

Answer The decision to file Chapter 7 bankruptcy should be thought out carefully. It is important to know what assets may be seized during this process.AssetsItems such as automobiles, furniture, money o... Read More »

Top Q&A For: What can be taken in a Chapter 7 bankruptcy

Is all disposable income taken for chapter 13 bankruptcy?

For an individual filing chapter 13 bankruptcy, all "disposable income"---which means all income that is not earmarked for child support payments owed to the debtor as well as an amount of money re... Read More »

How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt... Read More »

What is the difference between a chapter 13&a chapter 7 bankruptcy?

There are several differences between Chapter 7 and Chapter 13 bankruptcies. Both allow people relief from their debts, but the big difference lies in how this relief is obtained and the debts repa... Read More »

What is the difference between a Chapter 11& a Chapter 13 bankruptcy?

U.S. bankruptcy laws offer individuals and businesses the opportunity to work with their creditors to reduce or eliminate oppressive debts. Typically, businesses file Chapter 11, while individuals ... Read More »