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https://www.lsmo.org/node/720/bankruptcy-missouri-bar
Chapter 7 bankruptcy is designed to discharge debt. The trustee will collect all of the property that is not exempt and sell it to pay creditors. After this is ... https://www.mow.uscourts.gov/bankruptcy/faq
In a chapter 7 case, the trustee may take possession of the debtor's assets, sell them, and distribute the proceeds to creditors. In a chapter 13 case, the ... http://www.missouribankruptcy.com/chapter7.html
Chapter 7 bankruptcy is a liquidation where the trustee collects all of your assets and sells any assets which are not exempt. |