Will I lose My Property? 

The laws allow you to keep a substantial amount of property. This may include your house, your car, your mobile home and your furniture. It may include pension plans and cash in the bank. The list goes on and on . It just depends on your particular situation. You will probably be surprised to hear just how much of your property you can keep. Quite often, you can file Bankruptcy and keep ALL of your Property.

If there should be a problem with keeping your property, or if you have a lot of secured debts, you can still keep your property by filing a Chapter 13 reorganization plan. Bankruptcy can also help you get rid of property. For example, you may have a loan on a car with a big monthly payment you cannot afford to pay. Many times, the amount you can sell the property for is less than the amount needed to pay off the debt.

If you end up having the property repossessed, you will likely be left with a large debt to pay. A Bankruptcy or Chapter 13 Plan can solve this situation. 

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