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When filing bankruptcy, what property is exempt?
While your exemptions allow you to keep property even in a Chapter 7 case, your exemptions do not make any difference to the right of a mortgage holder or car loan creditor to take the property to cover the debt if you are behind. In a Chapter 13 case, you can keep all of your property if your plan meets the requirements of the bankruptcy law. Continue reading →
If I file bankruptcy, will I lose my car or home?
In most cases, you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Continue reading →