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The idea that someone who files for bankruptcy will somehow lose everything they own is completely overblown. In fact, many people who file for Chapter 7 do have to surrender any of their property. There are also exemptions such as professional tools, clothes, etc. which are under a maximum dollar value.
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∙ 12y ago
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Can I keep my house and car out of a bankruptcy?
You are normally allowed to keep the house you are living in and one car in a bankruptcy.
Can you keep your house if bankruptcy is dismissed for non-payment?
That decision is made by the lender not the bankruptcy court.
Can you keep your house while going into bankruptcy?
No.
Can you keep an account and not list it in a bankruptcy?
Yes.
How long should you keep bankruptcy paperwork?
Paperwork relating to the bankruptcy should be kept until at least the bankruptcy is off your credit report.
What is selective bankruptcy?
Secured debt in Bankruptcy You can't file "selective" bankruptcy, but youcan normally keep property that is security for debts by agreeing to keep paying the debt.If there is too much equity in the property to keep it from the trustee, you may want to consider Chapter 13. Visit my profile/site for more information about Bankruptcy.
Can you file Chapter 7 and keep your house and car?
Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.
Can you keep your home in a bankruptcy in NC?
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
How much cash can you keep in bankruptcy?
10000 dollars
How long does Equifax keep a bankruptcy on file?
Generally ten years from the time of the last (closing) activity of the said bankruptcy.
Can you keep your home if you file chapter 13 bankruptcy?
yes
