What Can I Keep After Bankruptcy?

Orlando Bankruptcy Lawyers

One of the most common concerns people have about bankruptcy is what will happen to their assets. There are many misconceptions about bankruptcy, one of them being that you will lose your house, car and other assets if you file. In almost all cases, this is not true.

At the Price Law Firm, we work closely with clients throughout central Florida in consumer bankruptcy cases. Our attorneys bring more than 20 years of experience to our practice and are committed to helping individuals and families get the fresh start they need to rebuild their lives.

Do you have questions about bankruptcy exemptions? To speak to an attorney about your legal options, contact us today for a free consultation.

Bankruptcy Exemptions

In both Chapter 7 and Chapter 13, a number of assets are always exempt from being lost during bankruptcy, particularly retirement accounts, pensions and workers’ compensation benefits.

In a Chapter 7, people almost never lose their homes or cars. We can work with you to determine what will happen to your assets, based on a number of factors such as the equity you have in them.

In many situations, Chapter 13 bankruptcy is ideal for people who want to save their home from foreclosure, as the process allows you to pay off your debts over a three- to five-year period, reorganizing and paying off your debt in a controlled manner.

To learn more about exempt and nonexempt assets in bankruptcy, call us at 407-834-0090 for a free consultation. Every case is different and we look forward to finding the answers to your questions.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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