Your Property in Bankruptcy
Your Property in Bankruptcy
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Will I Lose All My Property If I File for Bankruptcy?
What happens to your property in bankruptcy depends on whether you file under Chapter 7 or Chapter 13. In Chapter 13, you get to keep all of your property. In Chapter 7, you may lose property that isn't protected by an exemption.
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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 -- whether it be your home, car, retirement account, or personal belongings.
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How Is Joint Property Treated in Bankruptcy?
If you are married and considering bankruptcy, you should consider how your bankruptcy filing will affect your spouse and the property you own together. The answers depend on what type of case you file, whether you file alone or with your spouse, how you own your property, and the laws of your state about marital property.
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Can the Bankruptcy Court Take My Car?
Find out what will happen to your car if you file for Chapter 7 or Chapter 13 bankruptcy.
Common Questions About Your Property in Bankruptcy
Common Questions About Your Property in Bankruptcy
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What is a clawback provision in a bankruptcy filing?
Answer: When you file for Chapter 7 bankruptcy, everything you own on that date (as well as certain property you receive in the six months after you file) is part of your bankruptcy estate. If the property is exempt under federal or state law, you get to keep it.