woodbridge bankruptcy attorney Fundamentals Explained
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The filing starts off your bankruptcy situation. Quickly immediately after, the court clerk will ship a letter notifying you, the trustee appointed in your case, along with your creditors of the automated remain prohibiting collection pursuits.
Within a Chapter seven bankruptcy circumstance, a bankruptcy trustee is appointed to oversee the case. The trustee should overview the debtor's paperwork and liquidate any non-exempt belongings to pay back creditors.
These more specifics permit our attorneys to realize a deeper knowledge of the specifics of your respective circumstance
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The other popular sort of purchaser bankruptcy, Chapter thirteen, may very well be much better if you have additional belongings or secured debts, and may repay some or all of Everything you owe.
Be aware that there are exceptions to this rule. Namely, in the event you’re in personal debt to your lender fairfax bankruptcy attorney that also owns your account.
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