Your Assets and Bankruptcy

If I File For Chapter 7 Can I Keep Some Of My Property?
In general, Chapter 7 bankruptcy gives up all of your non-exempt property. Exempt property is property defined by state law which is not discharged from bankruptcy. State law varies greatly … more
Will I Lose My House, Car, And Other Personal Property?
Not necessarily, each state has laws that determine which items or property are exempt from being taken away. For example, many states exempt personal items such as furniture and clothing. In … more
Will I Be Required To Sell My Assets?
Yes. A lot of your property which is deemed a necessity will not be released, but filing bankruptcy (under Chapter 7) will often require you to give up certain types of property. A second … more

What is Bankruptcy?

Federal Your Assets and Bankruptcy Videos.
Should I Get an Attorney to File Bankruptcy?

Federal Your Assets and Bankruptcy Videos.
Chapter 7 Bankruptcy

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Chapter 11 Bankruptcy

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Chapter 13 Bankruptcy

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Do I Have To List All Of My Assets On My Petition?

Yes. Knowingly and fraudulently concealing your assets from the bankruptcy court is a felony and … more
Will I Be Required To Sell My Assets?

Yes. A lot of your property which is deemed a necessity will not be released but filing … more
Cant I Just Transfer My Assets To A Friend Or A Living Trust Before I File For Bankruptcy?

These types of transfers may be considered fraudulent and your Chapter 7 trustee may be able … more
Bankruptcy

Bankruptcy is the section of federal law that allows persons in extreme amounts of debt to get a … more
Bankruptcy - What Can I Keep?

When you file for bankruptcy under Chapter 7 your assets come under the protection of the court … more