Will I Lose My Possessions in a Chapter 7 Bankruptcy?

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Uploaded by on Oct 4, 2009

Ted Machi answers the question, Will I lose my possessions in a chapter 7 bankruptcy?" Ted Machi and Associates, P.C. has served the people of North Texas for more than 30 years.

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  • Gee I wish I didn't care about my credit or have a conscience to pay back those I owe money to, because bankruptcy sounds so sweet. Wipe out my debt entirely AND keep the possessions and money I owe to creditors?!?! How could I go wrong?? Everyone screwed except for me and my credit I don't care about.

    Seriously, where's the justice in this? I understand honest folks falling on hard times, but lets face it a majority of those bk files are not from honest folks.

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