With Chapter 7 (straight bankruptcy or liquidation bankruptcy), your assets will be sold, with a few exceptions. Exempt property may include cars, work-related tools and basic household furnishings.
Affordable Bankruptcy-Fresh Start Bankruptcy Center
Sean Campbell Law Office will help you get a fresh start through bankruptcy. We handle both Chapter 7 and 13 bankruptcies in Lansing, Grand Rapids, Brighton and Jackson and all surrounding areas. You will have an experienced bankruptcy lawyer working with you to find the best options for your unique situation.
How Chapter 13 Works?
Chapter 13 Bankruptcy is more like a payment plan. Chapter 13 filing is more popular than Chapter 7 because most people filing have assets they don't want to lose.