As reported earlier, Mandeep Singh and Jaspreet Kaur filed for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code. Chapter 7 provides for “liquidation” – the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors. The bankruptcy trustee gathers and sells the Debtor’s nonexempt assets and uses the proceeds of such assets to pay creditors. The creditors have a legal right to recover debts owed by an individual seeking Chapter 7 bankruptcy. Defendant Mandeep Singh and Jaspreet Kaur are the Debtors in the ongoing Chapter 7 bankruptcyRead More