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Home > Practice Areas > Bankruptcy > Bankruptcy Glossary > No-Asset Case

No-Asset Case

A chapter 7 case where there are no assets available to liquidate and pay unsecured claims.   This occurs when all of the debtor’s assets are valued less than the allowable state or federal exemptions.

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Practice Areas

  • Divorce
    • Basic Requirements under Florida Law
    • The Issues
    • Temporary Hearings
    • Discovery
    • Mediation
    • Final Hearing and Appeal
    • Choosing an Attorney
    • The Cost of Hiring an Attorney
    • Relocating with a minor child
  • Bankruptcy
    • BAPCA – The Bankruptcy Abuse Prevention and Consumer Protection Act
    • The Players
    • General Requirements
    • The Automatic Stay
    • Chapter 7
    • Chapter 13
    • Florida Exemptions
    • Bankruptcy Glossary
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    • What is a shelter petition and a shelter hearing?
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