• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.

Can I File Chapter 7 Bankruptcy If I Don’t Own Valuable Property?

Wondering if you can file Chapter 7 Bankruptcy without owning any valuable property is a common question for bankruptcy attorneys in Auburn California.  The short answer is yes, you can file what is called Chapter 7 no-asset bankruptcy if you don’t own property that will be liquidated by the bankruptcy trustee.

Chapter 7 No-Asset Bankruptcy

In a Chapter 7 bankruptcy case, you are allowed exemptions on your property which protects it from being sold by the bankruptcy trustee. If you don’t own any valuable assets, the trustee will file a no-asset report in your case and your non-priority debts will be discharged. The Chapter 7 no-asset bankruptcy is actually the most common type of bankruptcy.

Chapter 7 Bankruptcy with Assets

Even if you own a home, automobile, investments, or other forms of property, you may still be able to keep them when you file for Chapter 7 bankruptcy. The amount of property you are allowed to exempt in a bankruptcy case is based on state law. In a bankruptcy in California, you must use state exemptions versus federal exemptions, but you do have the choice between two separate sets of exemptions. By meeting with a bankruptcy lawyer in Fairfield California, you’ll be able to find out more about which set or “system” will allow you to keep the most amount of property while legally wiping out your eligible debt using bankruptcy.

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