Filing for Chapter 7 bankruptcy allows you as an individual to cancel out many, and sometimes all, of your debts.  When you file for bankruptcy, you will be asked to inform the court of any property you own (both land and personal property, such as clothing and jewelry), your income, your living expenses, your debts, and two years’ worth of expenses and information on the sale or exchange of property. People filing for Chapter 7 bankruptcy often wonder if they are required to disclose money … [Read more...]