What is Chapter 7 Bankruptcy? | Explained by Lakelaw
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YouTubeDavid P. Leibowitz | Lakelaw
What is Chapter 7 Bankruptcy? | Explained by Lakelaw
Sometimes called "liquidation" or "straight bankruptcy," Chapter 7 requires you to hand over assets that don't qualify for exemption. In exchange, you get a discharge that wipes out your credit card debt, judgements, and garnishments. At Lakelaw, we believe bankruptcy is about healing. For over 50 years, we've proudly guided families, students ...
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