Debtors who file for Chapter 7 bankruptcy are normally required to sell many of their non-exempt assets, explains Miriam Galston, a law professor at George Washington University Law School who ...

However, you must first liquidate non-exempt assets to pay back as much of the debt as possible. Non-exempt assets can include stocks, bonds, and other unessential valuables. In contrast ...

If you are not already taking required minimum distributions (RMDs), your IRA could be considered a non-exempt asset. You can ...