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The procedure concludes within 6 months of submitting. Any wages or assets you receive right after submitting, other than inheritances, aren’t issue to distribution to creditors.Photoroyalty/Shutterstock Bankrate is always editorially unbiased. Although we adhere to strict editorial integrity , this article may possibly incorporate references to

Chapter seven bankruptcy functions perfectly for those who personal predominantly the vital products required to Reside and work rather than A lot else. Those with a lot more belongings could drop them in Chapter seven since the Chapter seven trustee, the official chargeable for the case, sells needless luxurious things and distributes the proceeds

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