Can I Keep My Property If I File for Bankruptcy?

If you're considering filing for bankruptcy, you may be wondering if you'll be able to keep your property. The answer depends on the type of bankruptcy you file and the property you own.

Chapter 7 bankruptcy allows you to keep your exempt property, which includes your home, car, and basic household furnishings. You may also be able to keep any nonexempt property if you can pay for it in full.

Chapter 13 bankruptcy requires you to repay your debts over a three- to five-year period. During that time, you can keep all of your property, including your home and car.

If you have valuable nonexempt property, such as a boat or vacation home, and you want to keep it, Chapter 13 may be the better option for you.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation just today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706