By Christopher R. Schmidgall | Published January 8, 2021 | Posted in Bankruptcy | Tagged Tags: chapter 7 bankruptcy, exempt assets, homestead exemption, wild-card exemption | Leave a comment
What Assets Are Exempt from Liquidation in Chapter 7 Bankruptcy?
When some people hear words like “bankruptcy” and “liquidation,” they immediately think of frightening scenarios where practically everything they own gets taken away as punishment for their debt problems. This is not the reality. Bankruptcy is not a penalty, but a legal process designed to help people and businesses overcome severe debt problems. This would Read More
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About Victoria Bain joined Weiss, Schmidgall & Hires as an associate attorney in 2023. She is licensed to practice law in both Indiana and Illinois. She is a graduate of the University of Illinois Chicago School of Law and earned her Bachelor of Arts in Political Science from Valparaiso University. Victoria has been practicing law…
For more than twenty years, Christopher Schmidgall has helped individuals and small businesses in Northwest Indiana and the Northern District of Illinois navigate some of the most difficult financial moments of their lives. He takes pride in working closely with clients who are struggling financially, helping them find real solutions and a path toward financial freedom. Chris became a Board Certified Consumer Bankruptcy Specialist through...
Attorney Amanda C. Hires is an experienced Indiana criminal defense attorney serving clients throughout Lake County, Porter County, and Northwest Indiana. She is dedicated to protecting the rights, freedom, and future of individuals facing criminal charges and related legal matters. Amanda provides strategic...
Jessica McPheeters is an attorney licensed to practice law in Indiana, providing legal services in estate planning, probate, real estate, business matters, and civil litigation. She represents individuals, families, and businesses with a practical, results-driven approach focused on clear guidance and effective advocacy. Jessica has significant trial experience and regularly represents clients in complex civil matters. In addition to her private practice...
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