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Can I Keep my Secured Items in Bankruptcy?

Posted By Majed on Apr 25, 2011 9:15am PDT

Yes and no.  An individual seeking to keep items with a secured interest other than large-scale exemptions like a house or vehicle may find that Chapter 13 is a better match than Chapter 7. Chapter 13 sets up a repayment plan with creditors.   This allows a debtor to keep other secured items such as electronics, a motorcycle or furniture.   

The experienced attorneys at Fears | Nachawati Law Firm are adept at strategizing the best bankruptcy plan for you.  If you have secured items that you want to maintain during a bankruptcy filing, contact our firm today.
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