This is largely dependent on the chapter of bankruptcy that you're filing under. Is it for an individual? Is it for a business or a corporation. I will take the most common type of bankruptcy-Chapter 7-for an example. Under Chapter 7, the bank is technically allowed to take personal assets and property and liquidate it/them in an attempt to pay back debtors. But there are a number of exemptions and for many people, they do not lost personal items after filing for Chapter 7. Common exemptions when filing for bankruptcy include tools of the trade-such as a car that is used to commute to and from work-and clothing under a certain dollar amount. The article below lists many of the possible exemptions for different chapters.
No.
Need to know type of Bankruptcy 7, 13, 11 ??
Most likely.
Possibly
yes another answer: you can't lose your primary residence; also - homestead it.
yes
If you owe a finance company for it, they may reposess the motorcycle.
can file bankrupcy if i lose my car
While registered pension plans [RPPs] are exempt from seizure in bankruptcy situations, most Registered Retirement Savings Plans [RRSPs] are not.
In a Chapter 7 bankruptcy, you may lose non-exempt assets, which can include valuable items such as a second vehicle, luxury items, or investment properties. However, many states have exemptions that allow you to keep essential assets, like your primary residence, a vehicle up to a certain value, and household goods. The specific assets you might lose depend on your state's exemption laws and your financial situation. It's crucial to consult with a bankruptcy attorney to understand what you may retain or lose in your case.
No, just as long as your contractors bond is still good and active
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.