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Tax Help: What Happens When You File Chapter 7 Bankruptcy?

If you’re in a lot of debt but don’t have adequate income to pay it off, then filing for Chapter 7 bankruptcy may be the best option for you. Chapter 7 bankruptcy involves liquidating your assets in order to pay back your creditors. Remaining debts may be discharged, leaving you almost completely debt-free.

This video provides a detailed explanation of what to expect from Chapter 7 bankruptcy, including who is eligible, how Chapter 7 bankruptcy works, what property is exempt, and how your property is liquidated.

http://www.youtube.com/v/JbsLyAJudvI?hl=en&fs=1

 To learn more about Chapter 7 bankruptcy and whether or not it’s right for you, contact Cutler & Associates, Ltd. We specialize in working with Chicago-area clients to eliminate their debt through Chapter 7 or Chapter 13 bankruptcy. Visit us online or call (847) 849-1834 for a free bankruptcy evaluation.

More from Bankruptcy Lawyers Chicago, Schaumburg, Skokie, Oak Brook, Palos Heights, Homewood – Call Now!: How Chapter 7 Bankrupty Works, Chapter 7 Bankruptcy Chicago, Free Bankrupty Evaluation, Cutler & Associates, Chapter 7 Bankruptcy, Free Bankruptcy Evaltuation

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