Your Property in Chapter 7 Bankruptcy

Is Social Security Safe in Chapter 7 Bankruptcy?

Social Security benefits are protected in Chapter 7 bankruptcy, but you might run into trouble if you have commingled (mixed) the funds with non-Social Security money in an account.

How Is Income From Child Support Treated in Chapter 7 Bankruptcy?

Learn whether you must declare child support as income in Chapter 7 bankruptcy and whether you could lose ongoing child support payments or child support arrears owed to you to the Chapter 7 bankruptcy trustee.

Can I Keep a Post-Petition Bonus in Chapter 7 Bankruptcy?

If you get a bonus from your employer after you file for Chapter 7 bankruptcy, whether you can keep it depends on a number of factors.

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.

Can I Keep My House If I File for Chapter 7 Bankruptcy?

No one wants to file for Chapter 7 bankruptcy and lose their house. Learn the steps to keep your home in Chapter 7 bankruptcy, including how to value it, calculate home equity, and research homestead bankruptcy exemptions.

Will Chapter 7 Bankruptcy Prevent a Car Repossession?

Chapter 7 can buy you time if you're behind on car payments, but Chapter 13 will likely be your best shot at actually keeping your car. Here's what bankruptcy can and can't do.

Can You Keep a Credit Card After Chapter 7 Bankruptcy?

If you think you can keep a credit card in Chapter 7 bankruptcy, learn why it's unlikely, what reaffirmation really means, and how fast you can rebuild credit.

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.

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.

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.

Is Social Security Safe in Chapter 7 Bankruptcy?

Social Security benefits are protected in Chapter 7 bankruptcy, but you might run into trouble if you have commingled (mixed) the funds with non-Social Security money in an account.

Should You Reaffirm Secured Debt in Chapter 7 Bankruptcy?

A reaffirmation agreement helps you keep a financed car after a Chapter 7 bankruptcy. Learn what to do when you owe a secured debt, such as a car loan, that will be erased in bankruptcy, and you want to keep the property serving as collateral.