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Losing Property in Bankruptcy

Most people that we help file bankruptcy do not lose property. However, there are some instances where this can happen.

Of course, the big thing most people are concerned with is their car (and house, if you have one).

Regarding an automobile, you probably have payments. If you continue to pay these on time, there is an excellent chance you can keep your auto.

Regarding your home, chances are you have equity. If you do, we really need to be careful, as there are some rules we need to worry about to make sure you don't lose your house. If you have no equity, you're probably all right.

Also, if you have money in the bank (like over a thousand dollars), it's possible to file bankruptcy and not lose it. However, you'll want to check with your Santa Clarita bankruptcy attorney before you do anything.

 

 

We are a federally designated debt relief agency pursuant to Title 11 of the US Code.
We provide legal assistance and help people file for bankruptcy relief under the Bankruptcy Code
Law Office of Hale A. Antico