Thank you for your question. I am happy to assist you.
It is possible to file your own bankruptcy. You will need to purchase the forms on line or copy them at the law library.
The assets that you may retain in a bankruptcy depend upon the Chapter bankruptcy you file and the state exemptions.
As an individual, there are two types of bankruptcy available. A Chapter 7 and a Chapter 13. There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.
A Chapter 7 bankruptcy could discharge (erase) all of your unsecured debt such as credit cards, judgments and personal loans. It would be an opportunity for a fresh financial start. However, you may have to surrender assets that exceed your exemption.
its actually for my mom she is 68 years old and lives of ssi she can not afford to pay her credit card debt and does not have any assets does she fall under chapter 7 ?
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