Will I have to Give Up All My Assets?

When you go to file bankruptcy, one of the trade-offs for the benefit that you’re receiving is that you’re limited on the amount of stuff that you can start over with. This especially applies in Chapter Seven, Bankruptcy.

The philosophy is that if you’re getting a fresh start on the debt side, that you should have a fresh start on the asset side as well. The list is a little bit complicated, and that’s something that you should discuss with the professional who’s assisting you.

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