Can I keep my house or car in a bankruptcy?

Yes – for most people.  Most people that file a chapter 7 or 13 bankruptcy are able to keep their house or car through the bankruptcy process.  Any competent bankruptcy attorney will be able to tell you if you will be able to retain those items in an initial consultation.  Equity (amount of money you get after the item is sold)  in the property is protected from the creditors up to certain dollar amounts depending on your personal situation.  These amounts vary depending upon the situation that you are in.  You will have to become well versed in bankruptcy law or see an attorney in order to get the full benefit of  these amounts.  Bankruptcy petition preparers are not allowed to advise you on the best way to maximize the benefit to you that a bankruptcy can give you.

I offer a free initial one-half hour consultation to look at your situation and advise you as to your options.  (Look at it as free legal advice from someone who does bankruptcy for a living.)