Do People Have to Give Up Their Cars, Houses and Other Assets in a Bankruptcy?

Man with Documents

In most cases, there is no reason why you need to give up your personal assets when it comes to filing for bankruptcy. We would not recommend bankruptcy if our clients had to give up substantial assets; we would recommend a Chapter 13 where, often, they can keep their assets and repay a portion of their debts. There are exemptions for things like home equity and cars.

A Georgia bankruptcy lawyer from our law firm will be able to take a look at your financial situation and see what the best legal approach for your matter would be. We understand all aspects of bankruptcy law and will be able to assist with protecting your assets throughout the entire legal process. Contact a lawyer from our law firm and we will be able to assist with getting your financial situation back on track.

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