Besides discharging debts, bankruptcy is built to enable protect certain assets from creditors. Assets drop into one of two categories — exempt and non-exempt — and your lawyer will assist you to identify where by your property in shape.The entire process of filing Chapter 7 bankruptcy commonly requires eighty to 100 days from filing to Wheneve

Exempt and nonexempt assets. You'll be able to preserve residence shielded by an exemption or "exempt" residence. Any time a bankruptcy exemption isn't going to address the home, you'll either shed it in Chapter 7 or should pay for it while in the Chapter thirteen repayment approach.Hulnick, Stang, Gering & Leavitt gives free of charge consultation