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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2900
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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bankruptcy law how do you file for bankruptcy when you do do

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bankruptcy law:how do you file for bankruptcy when you do do they take all your assets
Generally, most debtors hire an attorney to file the appropriate documents with the court. Each state offers protection for a debtor's assets, and the debtor will file the asset list and exemptions used with the case. For chapter 7, the trustee can liquidate any unexempt assets, but most filers don't have any of significant value, so this is uncommon. To review your case, I would recommend meeting with a local bankruptcy attorney. they offer free consultations, and can review your assets and available protections to see if you qualify for chapter 7 . THanks for you question, and good luck.
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