Can you file Chapter 7 bankruptcy if you have no real assets to liquidate?

Yes. Chapter 7 bankruptcy is a fresh start for people who can't pay their debts. But it's frequently misunderstood as a way to wipe out any sort of debt—when really, it only wipes out certain types of debt. If you have no valuable assets like an apartment or a car, then you might have a hard time convincing the court to let you file Chapter 7. It might sound like a catch-22: how can you get rid of your debts if you don't have any property to liquidate?

A yellow poster stating "bankruptcy" - call (801) 676-5506 for a free consultation.

It's true that there are some types of debt that are impossible to get rid of in bankruptcy court and other debts that should be eliminated by liquidating your assets (selling them), but there are other ways around those debts as well—you just have to find the right solution for your situation. Do you have more questions? Call this law firm for a free consultation, they want to help you:

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/chapter-7-bankruptcy-in-utah/



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