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What assets are safe from bankruptcies?

There is no minimum debt to file bankruptcy, so the amount does not matter.

What disqualifies you from filing bankruptcies?

As a result, concealing assets, making fraudulent transfers within one year of filing, destroying financial records or lying on bankruptcy forms will typically disqualify your case and could potentially result in criminal charges.

Can I file bankruptcy without going to court?

Most bankruptcy filers dont have to attend any formal court proceedings before a judge. There are some rare exceptions to this, but most of the time youll only go to court to file your paperwork with the clerk.

What makes you eligible to file bankruptcies?

Filing for Chapter 7 bankruptcy eliminates credit card debt, medical bills and unsecured loans; however, there are some debts that cannot be discharged. Those debts include child support, spousal support obligations, student loans, judgments for damages resulting from driving accidents, and most unpaid taxes.

Why would I receive a bankruptcy notice?

YOU MAY BE A CREDITOR OF AN INDIVIDUAL OR COUPLE This means that the person who filed bankruptcy owes you money, or thinks that they may owe you money. This could be because you loaned money to this individual, or performed work or services for which you were not paid.

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