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Which bankruptcy option will allow me to keep my property?

Bankruptcy can be a tough and confusing time. There are several types of bankruptcy, and there are lot of nuances for each type. In this video, you will learn exactly what type of bankruptcy will allow you to keep your property.

Chapter 13 does not liquidate assets like Chapter 7 does so you can keep all your property with a Chapter 13 filing. If you file for Chapter 7, some of your property may be exempt and will not be taken. Exempt property may include a portion of equity in your home, pensions, motor vehicles (up to a certain value), tools for your profession, reasonably necessary clothing, furnishings and household goods, household appliances and jewelry.


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