tag:blogger.com,1999:blog-12355458.post5099613211041970847..comments2023-11-03T04:34:44.489-04:00Comments on Drinking Liberally in New Milford: 2008 Bankruptcies Skyrocketed in ConnecticutUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12355458.post-10842665258332457302009-02-17T20:59:00.000-05:002009-02-17T20:59:00.000-05:00But, most people can not afford it the needed prot...But, most people can not afford it the needed protection anymore. There is the problem with making it harder and more expensive to get a Chapter 7.Connecticut Man1https://www.blogger.com/profile/08923884330387123010noreply@blogger.comtag:blogger.com,1999:blog-12355458.post-10240150044331604012009-02-17T09:40:00.000-05:002009-02-17T09:40:00.000-05:00The Chapter 7 Bankruptcy Code allows you to keep p...The Chapter 7 Bankruptcy Code allows you to keep property or assets by claiming them as "exempt" under either Federal or State exemption laws.<BR/><BR/><A HREF="http://www.bankruptcy-laws.org/chapter-7-bankruptcy-laws.html" REL="nofollow">Chapter 7 bankruptcy laws</A> provides an "order of relief" that triggers an "automatic stay" thus all creditors and collectors are prohibited from pursuing you or your property outside of the bankruptcy proceeding. This is especially important if you've received a foreclosure notice.johnhttps://www.blogger.com/profile/12855583408604293940noreply@blogger.com