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In Chapter 7 bankruptcy, you could eliminate most, if not all, of the unsecured personal debt. You may preserve any house that falls in an exemption. Most property falls within an exemption, however, if it doesn't, then a Trustee may sell the assets and use the proceeds to pay your creditors. In Colorado, an example of an exemption could be the hom

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Taking into consideration Bankruptcy? Bankruptcy law permits debtors, who will be unable or partly struggling to pay back outstanding debts, to rid on their own of these debts and acquire a new start off. Both of those federal and point out legal guidelines can impact a debtor searching for to file for bankruptcy, and an attorney will let you know