Are Your Wages Exempt From Bankruptcy?
A chapter 7 bankruptcy filing can mean that some of your property falls into the hands of the bankruptcy trustee. Once you file, your home, car, money in bank accounts, and more become vulnerable to seizure. Items taken from filers can be sold, and the money used to pay back the creditors. Surprisingly, the money you earn by working (before you file) is considered part of your personal property. Read to find out more about how to protect your wages from seizure during a chapter 7 bankruptcy.
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