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bepop12345

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bepop12345

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Thursday, 05/31/2012 2:59:48 AM

Thursday, May 31, 2012 2:59:48 AM

Post# of 4759
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Chapter 7 discharges all debt releasing you from ever having to pay them back (with some exceptions) Chapter 7 bankruptcy is designed for people that have few assets and little disposable or extra income. Chapter 7 is sometimes called “income protection,” because by surrendering to the bankruptcy court your nonexempt assets (assets over and above those things that you may keep by law when you file bankruptcy) you are protecting all of your future earnings. Should your future earnings increase, even if you became a millionaire, you can keep what you earn. Many famous people have filed Chapter 7 including Walt Disney, Donald Trump and Willie Nelson

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