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So long as they keep on with the strategy and fulfill other debt obligations, for example current mortgage payments, They are going to be protected from foreclosure and also other asset liquidation.Many specific Chapter seven circumstances, nevertheless, are “no asset” conditions the place there are no nonexempt products to liquidate.Disclaimer

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The means examination commences by evaluating your regular income in excess of the previous six months With all the median profits for the home of your measurement in your state. If you make below the median, you have to be suitable for Chapter seven.Through this time, you might have to give the trustee your nonexempt assets, but You should not mar

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