Bankruptcy FAQs

What happens to my personal property, real property and other assets?

All of the property you own at the time of the filing bankruptcy, and your right to receive property in the future, become the property of the bankruptcy estate. This means that the bankruptcy trustee may take control of this property and liquidate it to satisfy your creditors.

Certain property is exempt and you will be able to keep that property. Often, all of your assets can be protected.

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