Chapter 7 bankruptcy deals with the liquidation of assets, which means that the debtor’s property will be sold, and the proceeds from the sale used to pay off the debt. Chapter 7 can provide for either personal or commercial bankruptcy, with certain stipulations.
A petition for filing chapter 7 bankruptcy can be filed by your Aurora bankruptcy attorney from Parker Lawyers. You will need to provide valid information for the official form for the petition. It will ask you to name your creditors, and describe their claims, state your current source of income, and how much money you make, and provide an account of your monthly expenses.
Be sure to retain the services of an Aurora bankruptcy attorney from the outstanding and experienced firm of Parker Lawyers. They will represent you from the beginning of the transaction through to the end. Call 303-841-9525.