Mullin Marcia L

CHAPTER 7 BANKRUPTCY - A Chapter 7 bankruptcy is most commonly recognised as a liquidation of debt bankruptcy. Your unsecured debts, such as credit cards, medical bills, individual loans, judgments, etc. Are discharged. In most cases, you can keep your home and your automobiles, as long as you continue to make the payments you owe for these items. Most of your assets can be protected from liquidation by the Trustee (such as your furniture and household goods)