That depends on the type of bankruptcy you qualify for. Using a Chapter seven bankruptcy, your belongings will be sold (besides Possibly your private home and car or truck), and your creditors is going to be compensated off Along with the proceeds. Submitting for Chapter thirteen bankru

The oxymoron of bankruptcy is the fact somebody in significant debt has to uncover dollars to pay for the way to get outside of personal debt. Federal government imagining, no? Shelling out considerably less in interest means far more goes to That which you owe, not towards the creditor

In a very Chapter 7 case, you should keep on to pay for secured debts after filing individual bankruptcy or it's possible you'll lose your residence. For those who fall behind on payments that come due after the case is submitted, your creditor may foreclose or repossess afte