Chapter 7 Bankruptcy
Greenwood Law Firm PC
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*Commonly known as a "liquidation" bankruptcy.
*Discharge entered 90 – 100 days after filing.
*A Trustee is appointed over the case to identify and liquidate non-exempt assets.
99% of Chapter 7 cases are "no asset" cases - meaning that the Trustee assigned to the case does not take any of your property or possessions.
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