Your Property in Bankruptcy
Your Property in Bankruptcy
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Will I Lose All My Property If I File for Bankruptcy?
Find out why Chapter 7 filers lose property not protected by a federal or state bankruptcy exemption and why Chapter 13 filers pay to keep nonexempt property through the repayment plan.
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Bankruptcy Exemptions - What Do I Keep When I File For Bankruptcy?
Bankruptcy exemptions determine what you get to keep during and after bankruptcy, including your home, car, retirement account, or personal belongings. But you'll have to comply with exemption rules. Learn more.
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How Is Joint Property Treated in Bankruptcy?
How your bankruptcy filing will affect your spouse and the property you own together will depend on factors such as the bankruptcy chapter you file, how you own the property, and the marital property state laws.
Common Questions About Your Property in Bankruptcy
Common Questions About Your Property in Bankruptcy
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What is a Clawback Provision in Bankruptcy?
Learn about the tool a bankruptcy trustee can use to unwind transactions that occurred before a bankruptcy filing and recover funds on behalf of bankruptcy creditors.
What Happens to Bank Accounts, Pensions, and Retirement Funds in Bankruptcy?
What Happens to Bank Accounts, Pensions, and Retirement Funds in Bankruptcy?
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Is Your Pension and 401(k) Exempt in Bankruptcy?
If you have a pension or other retirement plan and you file for Chapter 7 bankruptcy, you can probably exempt at least some of your pension and protect it from the bankruptcy trustee.
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Will I Lose My Checking or Savings Account if I File Bankruptcy?
Whether you can keep your savings, checking, or other bank accounts in bankruptcy will depend on whether you can cover the balance with a bankruptcy exemption. If not, you'll likely lose it. Learn why.
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Can I Keep My Rental Property in Bankruptcy?
Do you own rental property? If you own a house, an apartment, commercial space, or a multi-unit building that you rent out to tenants, then you should consider how it will be affected if you file for bankruptcy.
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What Happens to Investment Real Estate in Bankruptcy?
If you own property that you don't use as a residence, you might lose it if you file for Chapter 7 bankruptcy.
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What Happens to Your Personal Property in Chapter 7 Bankruptcy?
When filing for Chapter 7 bankruptcy, many debtors are able to keep most or all of their personal property. What you’re allowed to keep depends on what property is deemed "exempt" by your state or the federal bankruptcy exemptions.
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Chapter 13 Bankruptcy: What If I Have a Lot of Equity in My Home?
If you can’t exempt all of your home equity with a bankruptcy exemption, you should expect to pay a substantial monthly payment in Chapter 13. Find out how the equity in your home can affect your Chapter 13 payment.
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Can You File for Bankruptcy If Your House Is in Foreclosure?
Although Chapter 7 temporarily stops foreclosure, Chapter 13 offers more permanent relief. Learn how to use a bankruptcy case to save your home from foreclosure.
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Chapter 13 Bankruptcy: What If I Have a Lot of Equity in My Home?
If you can’t exempt all of your home equity with a bankruptcy exemption, you should expect to pay a substantial monthly payment in Chapter 13. Find out how the equity in your home can affect your Chapter 13 payment.
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What Happens to Mortgages in Bankruptcy
Some homeowners filing for Chapter 7 bankruptcy will lose their homes if they’re behind on mortgage payments or can’t protect all home equity with a bankruptcy exemption. Find out why.
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Will Chapter 7 Bankruptcy Prevent a Car Repossession?
Chapter 7 can temporarily delay the lender from repossessing your car but doesn't offer a permanent solution. Learn more.
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What Happens to a Car Lease in Chapter 7 Bankruptcy?
What happens to your car lease in Chapter 7 bankruptcy depends on whether you are behind on your payments and on what the bankruptcy trustee decides to do with the lease.
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Your Car in Chapter 13 Bankruptcy
Chapter 13 provides solutions unavailable in Chapter 7 to help debtors keep their cars. Learn about reducing loan interest and balances, catching up on late payments, and more.
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How to File Bankruptcy and Keep Your Car
Whether you keep your vehicle in bankruptcy will depend on whether you file for Chapter 7 or Chapter 13 bankruptcy, whether you’re behind on your car payment, and whether you can protect all of the vehicle equity with a bankruptcy exemption.
