Many Americans seek financial recovery each year through the liquidation proceedings involved with Chapter 7 Bankruptcy yet few are aware what Chapter 7 Bankruptcy involves. In a Chapter 7 Bankruptcy any non-exempt assets the debtor possesses will be liquidated by the trustee as allowed within the US Bankruptcy Code and the revenue is to be divided among creditors based on the priorities set forth within the bankruptcy code. The vast majority who seek relief through Chapter 7 Bankruptcy have no non-exempt assets to be liquidated or perhaps the cost and effort involved addressing these assets is deemed impractical by the trustee when compared to their potential value to creditors. But what about our investments and our ideas; what about these seeds we have sown which may someday still bear fruit? Where do they stand throughout the bankruptcy process?

MN Bankruptcy And How It Affects Our Future
Many Americans seek financial recovery each year through the liquidation proceedings involved with...