Bankruptcy Basic Terms Part II
Oct 19, 2011
ExemptProperty that is exempt is removed from the bankruptcy estate and is not available to pay the claims of creditors. The debtor selects the property to be exempted from the statutory lists of exemp...
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Bankruptcy Basic Terms Part I
Oct 19, 2011
The following is a list of commonly used terms in the Bankruptcy Court:Adversary ProceedingA lawsuit filed in the bankruptcy court which is related to the debtor's bankruptcy case. Examples are complai...
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Chapter 7 Basics
Oct 19, 2011
Chapter 7 Basics
Chapter 7 Bankruptcy is a process provided for under United States federal law by which you are entitled to a fresh start.Chapter 7 may eliminate most kinds of unsecured debt. S...
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