San Jose, CA Bankruptcy Attorney SagariaLaw HomeSan Jose Bankruptcy: Will You Lose Everything?
Those considering filing bankruptcy should let go of this myth:
"I'll lose everything I have."
Here is why: Most people will keep the items that they have in bankruptcy and won’t have to lose a thing. While the bankruptcy laws vary from state to state, every state has exemptions that protect certain kinds of assets, such as your house, your car (up to a certain value), money in qualified retirement plans, household goods and clothing.
"For most people, they'll pass through a bankruptcy case and keep everything they have," says John Hargrave, a bankruptcy trustee. If you have a mortgage or a car loan, you can keep those as long as you keep making the payments .
Call Sagaria Law for a bankruptcy consultation with a knowledgeable attorney in San Jose.
"I'll lose everything I have."
Here is why: Most people will keep the items that they have in bankruptcy and won’t have to lose a thing. While the bankruptcy laws vary from state to state, every state has exemptions that protect certain kinds of assets, such as your house, your car (up to a certain value), money in qualified retirement plans, household goods and clothing.
"For most people, they'll pass through a bankruptcy case and keep everything they have," says John Hargrave, a bankruptcy trustee. If you have a mortgage or a car loan, you can keep those as long as you keep making the payments .
Call Sagaria Law for a bankruptcy consultation with a knowledgeable attorney in San Jose.
