A family we know moved to a lovely, expensive new home last year…..now we hear they are filing chapter 7 bankruptcy. I am not familiar with what that is?
It means they are facing financial hardship. They are filing to try and wipe out some of their debts. Filing bankruptcy also begins the automatic “stay”. This means creditors have to leave them alone for a specified period of time. It is now difficult to qualify for chapter 7. They may be able to keep their home and car if they continue to make payments on them.
It means they are facing financial hardship. They are filing to try and wipe out some of their debts. Filing bankruptcy also begins the automatic “stay”. This means creditors have to leave them alone for a specified period of time. It is now difficult to qualify for chapter 7. They may be able to keep their home and car if they continue to make payments on them.
It means they are facing financial hardship. They are filing to try and wipe out some of their debts. Filing bankruptcy also begins the automatic “stay”. This means creditors have to leave them alone for a specified period of time. It is now difficult to qualify for chapter 7. They may be able to keep their home and car if they continue to make payments on them.
It means they are facing financial hardship. They are filing to try and wipe out some of their debts. Filing bankruptcy also begins the automatic “stay”. This means creditors have to leave them alone for a specified period of time. It is now difficult to qualify for chapter 7. They may be able to keep their home and car if they continue to make payments on them.
It means they are facing financial hardship. They are filing to try and wipe out some of their debts. Filing bankruptcy also begins the automatic “stay”. This means creditors have to leave them alone for a specified period of time. It is now difficult to qualify for chapter 7. They may be able to keep their home and car if they continue to make payments on them.
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