Filing for Chapter 7 can wipe out your debt quickly, but some property may be on the line if it isn't protected.

Homestead exemptions offer exceptions to financial claims on your primary residence. Homeowners filing for bankruptcy may be able to use a homestead exemption to shield the home’s equity from ...

In a Chapter 7 bankruptcy, creditors can seize certain assets to repay the debts you owe. However, exceptions allow debtors to retain some of their assets (or at least part of the asset’s value).

Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...