An Overview of a Chapter 7 Lancaster County, PA Bankruptcy Petition
Reference to ‘Chapter 7’ brings one thing to mind: bankruptcy. And bankruptcy should always imply a legal status connoting inability of a debtor to meet his financial obligations. But just to make a clarification in this regard, the debtor is not allowed to walk scot-free. The court will usually provide for management of his assets through a trustee appointed by the state. Contextually, there are two ways of filing for...