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Posted By Leonard V. Sominsky, ESQ., PC
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7-Nov-2014
Depending on your situation, your children may or be affected by a bankruptcy filing. If you file for bankruptcy under Chapter 13 reorganization, any property you or your children have is unlikely to be seized. However, filing for Chapter 7 bankruptcy—in which you use your existing assets as collateral to pay debts—is a bit more complicated. Typically, you have to list all assets you ...
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