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A part seven personal bankruptcy case doesn’t require the fresh submitting away from an idea out of fees such as part thirteen. Alternatively, new bankruptcy proceeding trustee gathers and you may carries the fresh new debtor’s nonexempt possessions and you will spends the brand new continues of these possessions to pay holders regarding claims (creditors) in accordance with the conditions of one’s Bankruptcy proceeding Password. Part of the debtor’s assets is .

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step one. top step one. · just now. I am not saying a lawyer, I’m simply a man you to definitely recorded chapter 7. We started an enthusiastic LLC 8 months once filing. The main topic of my personal bankruptcy is never ever problems and you may try never questioned and not came up. I registered inside 2020, and you will my 2021 providers net income is actually $157k. 1.