Can I keep assets in a bankruptcy? Home equity?
Most clients fear filing a bankruptcy due to the concern that they will loose all of their assets. In bankruptcy there are exemptions for specific dollar amounts of assets that can be kept by the debtor after the bankruptcy. There is a limited exemption for the equity in a home and other assets. There is also an exemption that is called a “wild card” that allows for most modest asset holders to keep their personal property items and still receive the discharge of their debts through the bankruptcy. If you are concerned about your assets, come in and let us help you through this process.
Call my office to set up your consultation today. Todd Courser 810-245-0813