A consumer in Escondido, California, can get relief from some debts they see no way of paying using bankruptcy. However, they may have concerns over losing all of their property. Exemptions can possibly help them keep it. Assets in bankruptcy Chapter 7 requires the...
Helping With Your Financial Future
Property that might be exempt in a bankruptcy case
If you file for bankruptcy, some of your assets may be liquidated in an effort to pay down existing debt balances. However, certain types of property may be exempt from being liquidated or otherwise taken from you. For instance, federal law says that you can keep up...
Can you keep your car during bankruptcy?
If you can't pay off your debts in California, filing for bankruptcy might be the only option. Your credit score will take a hit, but you'll be able to discharge some of your debts and start fresh. However, you might also have to sacrifice some of your assets in the...