In general, assets which is non-exempt or significantly non-exempt is often marketed to pay off your creditors. There is a federal exemption program that some states permit debtors to utilize, in addition to condition exemption programs. Once you file for bankruptcy, the automatic stay wil

A chapter seven bankruptcy will discharge unsecured debts.  I believe the the private loans and federal loans you reference are university student loans.  Scholar financial loans are exceptionally tough to get a discharge on, Until there are Excessive instances.  Inability t