What Property Can I Keep In Bankruptcy

Call for a Consultation With a Greensboro Property Exemptions Attorney

Bankruptcy does not mean that you will lose your possessions. In fact, if you are struggling with overwhelming debt a Chapter 7 or Chapter 13 filing may be the best step you can take to ensure that you hold onto your property. Contact me, a Greensboro bankruptcy lawyer, online or call 336-274-0352 to schedule a free initial consultation to discuss your situation.

Experienced Help With Debt Relief

There are a number of myths and misconceptions surrounding bankruptcy. One of the more common ones is the belief that a bankruptcy filing will result in you losing all of your assets and property. This is rarely ever the case. I am a Greensboro debt relief lawyer who has been helping people in North Carolina get a fresh financial start for more than 20 years. If you are asking yourself, "What property can I keep in bankruptcy?", I am prepared to provide you with the answers you need.

Property Exemptions, Chapter 7 and Chapter 13 Bankruptcy

Both a Chapter 7 filing and a Chapter 13 filing allow for the exemption of certain types of property from the hands of creditors, including:
  • Retirement accounts such as a 401(k)
  • Social Security benefits
  • Life insurance policies
  • Clothing
Bankruptcy protections may also extend to your home and vehicles, effectively putting a stop to foreclosure and a stop to repossession actions. Chapter 7 can effectively eliminate most of your debts, while Chapter 13 allows you to make payments as part of an affordable repayment plan. When you come to the law office of Mercedes O. Chut, P.A., I will personally review your situation and let you know what options are available to you. Do not allow bankruptcy fears to prevent you from getting a fresh financial start in your life.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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