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Bankruptcy has evolved a great deal since the earliest American records. There are several options availab… More
Bankruptcy is a legal process that is invoked when an individual or business is unable to pay its creditor… More
Chapter 7 bankruptcy is the simplest form of bankruptcy and involves the bankruptcy court looking at asset… More
Chapter 7 bankruptcy is a liquidation of a debtor's non-exempt property, and this involves the listing of … More
Filing bankruptcy in Ohio means contacting an attorney that is well-versed in the laws of bankruptcy. Find… More
The best way to stop foreclosure without going bankrupt is to make that back payments that are owed. Talk … More
If you have inherited a sum of money or have worked hard to save some cash, you want to keep the cash safe… More
Get temporary financial help by asking relatives for loans, selling personal assets or taking out a tempor… More
Different people often have different ideas about tax relief. If you owe back taxes and you want to negoti… More
A finance glossary is an index of financial terms individuals should be aware of, like A stands for assets… More
Writing off a bad debt refers to a collector who discontinues his or her efforts to collect the debt and w… More
A few options for personal loans offered at a low cost include credit unions and cash advances from credit… More
A good planner can help you plan your retirement funds and give you tips and advice on estate planning, in… More
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Summary: Chapter 7 bankruptcy is a liquidation of a debtor's non-exempt property, and this involves the listing of assets and liabilities. Make a list of income and monthly expenditures with help from a certified family mediator in this free video on bankruptcy and Chapter 7 bankruptcy.
Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. He is a certified family mediator and Florida Supreme Court-certified civil...read more
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"You may have recently hit hard times, and you're having trouble making debts, monthly debts on a monthly basis. In other words, you're running out of money before you're running out of month, and you're considering bankruptcy and you've heard chapter 7, chapter 11, so forth and so on. Hello, I'm Robert Todd, and I'm here to answer the question what is a chapter 7 bankruptcy? Well, the chapter 7 bankruptcy is a liquidation of the debtor's non-exempt property. In its simplest terms, basically you are filing bankruptcy and you are listing your assets and liabilities, and you are listing your income and monthly expenditures, and the bankruptcy court is determining what can be liquidated to pay off the debtors with a plan. Now, it's much more complicated than that, and if you are seriously considering bankruptcy we strongly urge you to seek the services of a lawyer that specializes in bankruptcy. It will save you time and money in the long run, as opposed to trying to do it yourself. I'm Robert Todd, and thank you for watching."
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