The downside is that all business and private house turn into Section of the bankruptcy estate. But you won't reduce all the things. Bankruptcy legislation means that you can maintain "exempt" assets in Chapter 7, including some equity in a house and motor vehicle, family products, a retirement account, https://threethingstoavoidwhenyou27888.blogadvize.com/36683921/the-best-side-of-how-will-filing-bankruptcy-affect-my-small-business