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Can I Keep My Property if I File Chapter 7 Bankruptcy?


Can I Keep My Property if I File Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is often called “liquidation bankruptcy” because the debtor’s nonexempt assets are sold to repay creditors. However, many filers are able to keep all of their property because they either have no nonexempt assets or they use one of the Chapter 7 bankruptcy exemptions.


If you want to keep your property, you need to be aware of the rules for claiming an exemption. You also need to know which assets are exempt from being sold. The most common exemptions are for your home, car, personal belongings, and retirement accounts.


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 so


FAST!


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


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