FAQ from The Law Offices of Mayer and Newton How often can I file bankruptcy? A debtor can receive a Chapter 7 discharge once every eight years. Under certain circumstances, a Chapter 7 can be followed by a Chapter 13. When will creditors stop harassing me? Generally, a debtor is “fair game” for a creditor […]
Chapter 7 Bankruptcy— An Overview Of What To Expect From Mayer and Newton Attorneys-at -Law Chapter 7 Bankruptcy is often referred to as a “straight” bankruptcy or a “liquidation”. In Chapter 7, any assets not considered exempt under the law (see Section 2) are turned over to a bankruptcy trustee (or administrator). He/she sells the […]
If you’re unsure about this issue, check out this helpful video from partner Richard Mayer.