I have written several times about exempting assets in bankruptcy. The gist is that in a Chapter 7 bankruptcy, the debtor gets to keep all assets that are exempt using the appropriate exemption table, but the Chapter 7 Trustee assigned to the case is empowered to seize and liquidate the nonexempt assets for the benefit… Continue Reading
About Nicholas Gebelt
As a Certified Bankruptcy Specialist, Nicholas Gebelt represents individuals, married couples and small businesses. He enjoys getting clients relief from their creditors so they can live without fear of the telephone or bills in the mail. Most importantly, Nicholas cares about his clients as human beings and tailors his services to their needs.