Having said that, not all assets under Chapter seven are liquidated — specific assets are exempt from sale proceedings and can stick with the debtor.Financial institution statements showing the harmony on the filing day (You'll need to have exempted the entire stability.)Secured financial debt might be reaffirmed. A debtor can opt to reaffirm sec
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If your exemption addresses the full price of the house, car or other asset, you will end up permitted to continue to keep it.Then, your lawyer will point out which objects are deemed exempt and that are subject matter to liquidation. You will discover 4 alternatives for how the asset will probably be dealt with via the bankruptcy trustee:But that&