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My Car Was Never Repossessed After Chapter 7

  • Writer: Zambrano Law Customer Service
    Zambrano Law Customer Service
  • Sep 30, 2022
  • 1 min read

In a Chapter 7 bankruptcy, the debtor's nonexempt assets are liquidated and the proceeds are distributed to creditors. However, certain property may be exempt from liquidation. For example, in many states, a debtor's car is exempt up to a certain value. As a result, the debtor may keep their car even after filing for Chapter 7 bankruptcy.





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