Will I Lose My Car or Home After Bankruptcy?
Many people are hesitant to file bankruptcy because they are concerned about losing their assets, including a car or home. This is a common misconception about Chapter 7, often because it is also known as "liquidation bankruptcy." Before considering bankruptcy our, it is important to know the facts about bankruptcy law, including what happens to your assets after bankruptcy.
We help clients protect their rights and their assets through bankruptcy. Call us today at 860-265-4764 or contact us by e-mail to arrange a free consultation with Attorney Susan M. Williams.
Bankruptcy law and your assets
You may wonder, "Will I lose my car or home after bankruptcy?" There are different bankruptcy options for all consumers depending on your income, amount of debt and assets. Congress has enacted the exemption laws that enable debtors to file for bankruptcy and retain certain assets up to a certain dollar amount. There are available exemptions to protect your property, including but not limited to:
- Cars
- Real estate property
- Business property
- Collectibles
- Tax refunds
- Antiques or family heirlooms
Prior to filing, Attorney Williams will conduct a liquidation analysis to ensure that your assets will be protected by the exemptions that are available to you under the bankruptcy laws. In the event that you are not able to exempt out the equity in all of your assets, there may be other options available to you.
Susan M. Williams, will take an informed and strategic approach to your case, analyzing your income, debts, and assets, to devise an appropriate debt relief solution for you. If you are still wondering, "Will I lose my car or home?" know that you have rights and options under the bankruptcy code. Attorney Williams will inform you of all possibilities, including alternatives to bankruptcy and will help you understand life after bankruptcy, before pursuing your case.
We take pride in providing our clients with the personal attention they deserve. If you live in Massachusetts or Connecticut, call Susan M. Williams in Enfield, Connecticut at 860-265-4764 or contact us by e-mail, to schedule a free consultation with our lawyer.
Free consultations · Easily accessible from Route 91, off Route 5
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.