11 June 2012 ~
Most people do not loose any of their belongings in a bankruptcy. The end goal of bankruptcy is to get you back on your feet financially. Therefore, your basic necessatites are protected in bankruptcy , so to help you re-establish yourself. The equity in your home and most of your personal belongings will, in all liklihood, be protected in bankruptcy. The exemptions ( the bankruptcy law which protects your assets ) are very complicated and you should consult an attorney to maximize the protection that you are afforded under bankruptcy law.
Disclaimer:* This post and all others made on the Internet by Hernandez Law Group attorneys and staff are for informational purposes only. Internet posts that describe the outcome of a case are not a guarantee of a similar outome in all cases. None of the information or materials posted are legal advice. Nothing posted as blogs, comments, answers, or other communications should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. While Hernandez Law Group attorneys and staff try to be accurate, we do not guarantee accuracy.
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