Bankruptcy Chapter 7 Possessions?
Bankruptcy Chapter 7: Can I keep everything I own and discharge all my debt?
The quick answer to this question is maybe. In order to properly answer this question, much more information is needed. Are any of the debts secured? Are any of the assets valuable? Are any of the assets exempt? Can any of the assets be protected with the exemptions available? This is not a simple yes or no question. There may be assets which can not be protected which the Bankruptcy Trustee may liquidate to satisfy creditors. There is not a blanket yes or no which applies. Each set of circumstances is different. It is very important to discuss this with a Bankruptcy Lawyer. If you have any questions or would like to schedule a free consultation please call my office.