In most cases, with the assistance of a professional and experienced attorney you won’t lose all of your assets or property. There are certain items that are exempt depending on the type of bankruptcy you file for and the value of your assets.
When you file for Chapter 7 bankruptcy you will work with a Trustee who will sell off your assets to satisfy any outstanding debts. There are certain assets that are exempt from this, including retirement accounts, your primary residence, your primary vehicle and any household items that are worth less than $675.
Give us a call at 916-458-5190 for help with your bankruptcy concerns or fill out the inquiry form below to schedule a thorough case evaluation with our team.