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Tag: Tennessee homestead exemption

What is the Homestead Exemption in Bankruptcy?

Memphis bankruptcy lawyer

Many people worry about filing for Chapter 7 bankruptcy, as it is commonly called the “liquidation bankruptcy.” This means the bankruptcy trustee has the right to seize some of your assets and property to liquidate and make payments to certain creditors before the discharge of your debts. However, this does not mean you will lose your house and everything…

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