Category Archives: Keeping Property

A common misconception in bankruptcy is that you will lose your possessions. In most cases, you will lose very little to none of your property when you file for bankruptcy. There are many state and federal exemptions you can claim that allows you to keep your assets when you file for bankruptcy. Bankruptcy in most […]

Ohio Bankruptcy Attorneys will often tell you that you don’t have to give up any property that you want to keep when you file for Chapter 13 bankruptcy. This is, for the large part, true thanks to the Ohio bankruptcy exemptions, which are designed to protect certain property from being sold by the bankruptcy trustee. […]

The biggest fear for many who are contemplating seeking protection through bankruptcy is exactly what property will be taken and sold off to satisfy the creditors and what property will be exempt from the proceedings. As discussed in previous blogs, the answer to that question is that it varies from state to state. The fact […]

There are a wide variety of questions that are posed by people who are contemplating possibly seeking protection under bankruptcy laws. One question that seems to be raised time and time again is with regard to property transfer prior to filing. The number one thing you should do before transferring anything to anyone is have […]

One of the things that people fear most when they’re in a tough financial situation is that their vehicle will be repossessed. This is devastating because most individuals need their vehicle to get back and forth to their place of employment. If this is hindered then they run the risk of becoming unemployed and the […]

Many people that want to go bankrupt are very worried about what is going to happen to their possessions. Some individuals who work in various trades have collected many different tools that they need in their line of work. Without these tools they may no longer be able to work in their chosen field. If […]

Many individuals need their car for more than just convenience. It is there only way to get to their place of employment. Individuals who own a car and are thinking of going bankrupt worry about whether their car will be repossessed. Keeping Property For those that have already started the Chapter7 bankruptcy proceedings, the car […]

It is not unusual for people who are contemplating bankruptcy to start doing a little bit of research about it. When they do they will come across what is called bankruptcy exemptions, which are applicable to the Chapter 7 Bankruptcy. This can get confusing. People want to know what they are going to be allowed […]