See how you can keep your stuff in certain types of bankruptcies.
One of the questions I'm asked almost every time someone comes to talk to me is, "Do I get to keep my stuff if I file a bankruptcy?" Well, the simple answer is yes, you do get to keep your stuff.
In a Chapter 7 Bankruptcy, let's say you have a car financed or some furniture financed. To keep your stuff, all you do is reaffirm the debt and continue to pay the creditor like you originally agreed to.
In a Chapter 13 Reorganization, the way you keep your stuff is by reorganizing the debt over a period of time, from 36 to 60 months. We found that we can normally cut your payments in half in a Chapter 13 over what you're currently paying. Let's say your car payment is $500, that means you'll take it to $250-300 a month.
Ninety-nine percent of the time, if you file a bankruptcy, you do get to keep your stuff. Just give us a call at 229-247-1211 or fill out the form on this page to schedule a free confidential consultation.