Can You Keep Your House? Or Car?

The Short Answer is Yes!

It's possible to keep a certain property whether you file for Chapter 7 or Chapter 13 bankruptcy. In most cases, you'll be able to keep all your assets. You can keep property that is “exempt.” Here is a list of some of the most common exemptions: 

• Your residence
• Your vehicle
• Personal property such as jewelry, clothing, appliances, furnishings, household goods, musical instruments, and health aids
• Tools needed for your trade
• Pensions and retirement accounts (e.g., employer-sponsored 401(k) or 403(b) accounts) are generally protected, so it's rarely a good idea to liquidate these accounts

Speak With an Experienced Bankruptcy Attorney

Each situation is different. After an open and honest discussion, we'll be able to suggest the best possible options. To get started, call (770) 614-4811, or complete our online form to schedule a free initial meeting. Pratt & Wall offers payment plans.

Under federal law, we are designated as a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.