What is a No-Asset Case Under Chapter 7 Bankruptcy in Raleigh?

What is a No-Asset Case Under Chapter 7 Bankruptcy in Raleigh?

In a no-asset Chapter 7 bankruptcy case in Raleigh, all of your property is considered exempt. This means that you won’t lose your assets even if creditors file claims against you. North Carolina has its own set of property exemptions, but some common examples are: home equity covering a certain value equity in one motor…

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