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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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  #1  
Old 11-26-2005, 03:36 PM
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assets

What is the name of your state? ar
what are considered assets house car boat motor cycle bankaccount motorhome land
i hear alot of people file a no asset ch7
does this mean they have notning for trustee to turn into cash
  #2  
Old 11-26-2005, 03:38 PM
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Posts: 6,455
A no asset Chapter 7 means, you've no assets beyond what your state allows for an exemption.
  #3  
Old 11-26-2005, 03:55 PM
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Join Date: Nov 2005
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thankyou your answers are very appreciated
  #4  
Old 11-26-2005, 04:20 PM
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Posts: 24
Quote:
Originally Posted by bigun
A no asset Chapter 7 means, you've no assets beyond what your state allows for an exemption.
i have a whole life ins policy cash value 10000
borrowed 8500 for living expenses bills medical
net cash value 1500
had ins co send me policy information
my lawyer filed before i got this infomation
what should i do i thought i had nothing left in policy did not list
your input is very important thankyou bigun
  #5  
Old 11-26-2005, 05:21 PM
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Bring it to your attorney's attention.
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