Surprise Me!

What Property Can You Keep and What Do You Forfeit In A Chapter 7 Bankruptcy

2013-05-21 3 Dailymotion

My name is Jonathan Simon. I'm a licensed attorney in Arizona, practicing bankruptcy with the Bornmann Law Group. I'm here to answer all your bankruptcy needs and questions. <br /><br />A Chapter 7 bankruptcy does allow you to keep your house and your car. A Chapter 7 only wipes away unsecured debt, so automobiles and homes are secured debts. Therefore, a Chapter 7 won't wipe away any of those loans that you have. However, you can sign a Reaffirmation Agreement to keep your car, which a Reaffirmation Agreement is essentially a new contract you make with your car finance company that will survive the bankruptcy. Therefore, cars and homes are not wiped away in a Chapter 7 and you can keep those even when you file for Chapter 7 bankruptcy. <br /><br />The Bornmann Law Group <br />Mesa Bankruptcy Law Office <br />1731 W. Baseline Rd. <br />Suite #100 <br />Mesa, AZ 85202 <br />(480) 263-1699 <br /><br />Glendale Bankruptcy Law Office <br />20325 N. 51st Ave., Suite #134 <br />Glendale, AZ 85308 <br />(623) 640-4945 <br /><br />Tucson Bankruptcy Law Office <br />2 East Congress St. Ste. 900 <br />Tucson, AZ 85701 <br />(520) 306-8729 <br /><br />Website: http://bornmannlaw.com <br />Like Us on Facebook! http://www.facebook.com/BornmannLaw <br />Follow Us on Google+: https://plus.google.com/116769085499696194171/ <br />Follow Us on Twitter! https://twitter.com/#!/bankruptcyazlaw

Buy Now on CodeCanyon