Joplin, MO Bankruptcy Chapter 7 Attorneys

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Joplin, MO Bankruptcy Chapter 7 Attorneys

Attorneys (3)

  • Cobb Young
  • Member at The Law Office of Cobb Young, LLC
  • Joplin, MO U.S.A.
    • Peer Reviews

      4.0/5.0 (16)
    • Awards
      Gold Client Champion Gold Client Champion  
    • Peer Reviews

      4.0/5.0 (16)
    • Awards
      Gold Client Champion Gold Client Champion  
    • Peer Reviews

      None
    •  
  • Jonathan David Bhend
  • Member at The Law Offices of Jonathan D. Bhend
  • Joplin, MO U.S.A.
    • Peer Reviews

      4.2/5.0 (1)
    •  
    • Peer Reviews

      4.2/5.0 (1)
    •  

Bankruptcy Chapter 7 in Joplin, MO

Chapter 7 bankruptcy, also known as "liquidation," is the most common form of personal bankruptcy used by individuals and married couples. Chapter 7 allows eligible debtors to surrender certain "non-exempt property" to the bankruptcy trustee assigned to oversee their case. Those assets are then sold, or liquidated, and the proceeds are used to pay creditors. Any remaining debt is discharged, or erased. Chapter 7 eligibility requirements vary from state to state, so people considering Chapter 7 are advised to hire a consumer bankruptcy attorney or law firm that has experience representing Chapter 7 filers.