The Delinquent HOA Owner Filed a Chapter 7 – Is it an “Asset” Bankruptcy or a “No Asset” Bankruptcy?

/ Owner - November 4, 2013

As you likely know, there are different types of bankruptcies that an individual can file. Typically, we see delinquent owners file either a Chapter 13 bankruptcy seeking to readjust their debts, or a Chapter 7 bankruptcy where the owner is seeking to liquidate their assets and eliminate their unsecured debts. This article will deal exclusively with Chapter 7 bankruptcies.    Read more……

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