Will I lose my property if I file for bankruptcy?
While every bankruptcy case is different, it is safe to say that most individuals who file for bankruptcy get to keep most of their property. Every state has its own set of laws that exempt certain types of property from the reach of bankruptcy creditors and trustees. If the property is exempt, you get to keep both the property itself and, in many cases, the equity you might have in it.
To understand how bankruptcy property exemptions apply to you and your situation, contact Fears | Nachawati today to speak with a bankruptcy attorney. Simply email us or phone us toll free at 1.866.705.7584.