What Do I Get To Keep?

One of the foremost questions that people have when undertaking a bankruptcy filing is what property they will get to keep. Creditors have systematically disseminated information designed to confuse debtors about bankruptcy. That one will lose everything is one of the more commonly held misconceptions.

The Bankruptcy Code was not developed to impoverish people. It was drafted so that people could reclaim their lives from unmanageable debt. It allows for the exemption of assets that foster a normal life. This may include:

  • A home
  • Household furnishings
  • Cars
  • Clothing
  • Jewelry
  • Retirement accounts
  • Government benefits
  • Tools needed for your occupation
  • Your business
  • Wild-card exemptions which may be used

The assets that you can keep ultimately depend on what filing you decide to pursue — a complex question in and of itself. Because of the complex nature of bankruptcy, it is of utmost importance that you partner with the right legal team.

If you are working through these issues in Sandusky, Ohio, or in the surrounding region, we at The Law Offices of Shelly L. Kennedy, Ltd., are prepared to put more than a quarter century of legal experience to work for you. Our lawyer and team will take the time to intimately understand your financial situation. From there, we will develop a strategy designed to help you reach a best-possible outcome — one that preserves your immediate and long-term financial health.

To reach out and schedule an initial consultation to discuss any Chapter 7-related issue with our Chapter 7 bankruptcy attorney, call 419-967-6039 or email the firm.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.