Tag Archives: keeping property in bankruptcy

Bankruptcy has the ability to discharge debts, and getting a discharge is a great way to take back control of personal finances.  However, there are times when debt can be viewed as a good thing.  For example a debt on a house can allow you to have a place to live, or a car debt […]

Most people probably do not understand that 90% of the time when someone files a Chapter 7 bankruptcy they do not lose any of their property.  This is because in a bankruptcy, you can keep all property which the law says is “exempt” from the claims of creditors. Exemptions can be determined under your state […]