Bankruptcy FAQs

Can I keep my possessions after bankruptcy?

Bankruptcy Possessions

Before Filing for bankruptcy many people wonder can I keep my possessions after bankruptcy?

Believe it or not, for most Chapter 7 personal bankruptcies, you can keep all of the property you own. This is because of Federal and state exemption laws which allow you to keep most of your possessions, including a home, cars, furniture, clothing, and other property, up to certain limits. For Chapter 13 bankruptcy, since it works by repaying your creditors over a period of time, it is even more likely to keep all your possessions. If you have any concerns regarding what you will and won’t be able to keep make sure to discuss this with your Detroit bankruptcy attorney.

Sign Up Form

We'll respond within 24 hours

24750 Lahser Rd, Southfield, MI 48033

24300 Southfield Road (Suite 210) Southfield, Michigan 48075

1,100+ Succesful Bankruptcies Filed!

Call us for a FREE consultation!

You can also leave us a message and we'll get back to you today!