THINKING ALOUD (BusinessLaw) BUSINESS RISKS

BankruptcyIt impacts many facets of your life. Years ago if you filed bankruptcy your credit score was golden after wards.

With a Chapter 7 bankruptcy, there are a couple of situations that have to be met with the intention to maintain your property. If you don’t have any fairness in your house, the trustee will help you keep your property given that you just keep present on your house funds. If there is less than $15,000 in equity on your own home, you will have to file for a homestead exemption. If accredited, you’ll be able to preserve your own home with the homestead exemption as long as you make common house funds. If there’s greater than $15,000 in fairness, there is a risk that you can lose your home. If that is the case for you, you could need to consider speaking to your lawyer about the opportunity of …