Productive applicants for Chapter 7 bankruptcy are able to wipe out a host of unsecured debts, while others, by legislation, stick like flypaper. Nonetheless Other people fall into gray parts which have been decided on a situation-by-scenario basis.
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As well as the lack of collateral residence that secures a bank loan, you are able to retain or get rid of residence according to its standing as "exempt" or "non-exempt" home.
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