Will You Lose Your Home After Filing Chapter 7 Bankruptcy?

by Alan Alder A Chapter 7 bankruptcy is also known as a liquidation bankruptcy. This means that any property that a Chapter 7 filer has that is not exempt may be liquidated or confiscated and sold to pay off debts. It is imperative that you know what property is exempt, and therefore property you can keep, and what property is not exempt before you file a Chapter 7 bankruptcy. Tennessee exemption laws allow a single person to keep up to $5,000 of their home’s value. While married couples

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