Bankruptcy – Do I own anything after Bankruptcy?

People sometimes believe that everything they own disappears after a Bankruptcy.  That is not really the case.  You can keep anything that was exempted in your Bankruptcy.  You can also keep anything that you obtained after you filed for Bankruptcy.  There is a certain time limit when you may have complications if you come into an asset not exempted in the Bankruptcy, such as an inheritance, property settlement or life insurance benefits.  If this happens soon after your Bankruptcy, the money or property may have to be paid to your creditors.

Do you have questions about your exemptions in a Bankruptcy?  We can help.

Call Todd Courser 810-245-0813