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Can I keep my home and/or car after I file bankruptcy?
You will not lose your home or car during your bankruptcy
case as long as your equity in the property is fully exempt.
Even if your property is not fully exempt you may still be
able to keep your property by filing a chapter 13 bankruptcy
instead of a chapter 7 bankruptcy. In a chapter 13 plan
you will be required to pay at least the equivalent of the
non-exempt equity you have in your home or car and any amount
you are behind on your home or car loan over the course of
the three to five plan. You also will be required to continue
making the regular monthly payments.
If you still have questions you can schedule a free consultation with a bankruptcy attorney.
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