For specific answers, you will need to set up a free consultation with our office, and we can provide you specifics as they pertain to your case and situation.  With a Chapter 7 (liquidation) Bankruptcy, you are permitted to keep certain assets, such as up to $5,000.00 equity in a vehicle, $150,000.00 equity in a residence, $4,000.00 of household goods, and much more.  We have found that for most of our clients filing a Chapter 7 Bankruptcy, they are able to keep substantially all of their property and at the same time eliminate substantially all of their credit card, medical, and other unsecured debts. 


Occasionally our clients have substantial assets that they would lose in a Chapter 7 (liquidation) Bankruptcy.  This does not mean that they cannot have the protections and benefits of a Bankruptcy, but rather it requires that we be more creative.  With a Chapter 13 (reorganization) Bankruptcy, we are generally able to formulate a plan to keep even non-exempt assets, and  still eliminate the majority of our clients’ credit card, medical, and other unsecured debts. 


If you are contemplating bankruptcy because of your present financial situation, and have specific questions about what you will be able to keep if you file a bankruptcy, please contact our office to schedule a free consultation, or reserve a seat at one of our upcoming free Bankruptcy Seminars.  For more information please visit our website at