A Guide to Personal Bankruptcy Under Chapter 7 (Part Two)
At this point, we know that not everyone is eligible to file for bankruptcy under Chapter 7, we know you must complete credit counselling before you file, you must take the means test, and you must have less than $100 of income after the calculation (generally). There are exempt assets (things that do not have to be liquified by law) and non-exempt assets (things that are usually liquified...