I know that you have many questions about how the bankruptcy process works, and I want to emphasize up front that I am here to advocate for you and to help you find the best way to manage your debt based on your specific financial situation. Chapter 7 Bankruptcy is a type of liquidation bankruptcy, which means that sometimes, in order to be eligible for a discharge of your debt, any unprotected property will either be liquidated to repay creditors, or you will be required to pay the Trustee the unprotected amount. It can be incredibly tough to realize that you may need to pay the Trustee or give up certain assets.
But considering Chapter 7 Bankruptcy can give you the fresh financial start you need, you gain a lot more than what you actually lose. In addition, I would like to clarify that Chapter 7 Bankruptcy never results in the liquidation of all assets. In fact, many times all assets can be protected and the only thing you lose is your dischargeable debt. I can speak with you today about your assets that can be protected from the bankruptcy process. The sooner I start helping you with Chapter 7 Bankruptcy, the sooner you can find some relief from your debt.