What is a No-Asset Case? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – No-Asset Case

No-Asset Case:

a Chapter 7 bankruptcy filing wherein there are no assets available to satisfy a creditor’s unsecured claims

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Note: the above definition of No-Asset Case was written in a simplified form for non-lawyers and may require a legal interpretation of how No-Asset Case may impact your bankruptcy filing.