Can I Keep My Property in Chapter 7?
Certainly! One of the biggest misconceptions about a bankruptcy filing is that the court will take all of your property and sell it for the purposes of paying off your creditors. That is simply not the case!
You are allowed certain exemptions in property based on your equity in that particular piece of property. In most cases, you will be able to keep all of your property and get rid of your debts at the same time. Please contact us and set up your consultation to discuss this further.