Will I Lose My Home or Car If I File for Bankruptcy?
One of the biggest concerns people have about filing for bankruptcy is whether they’ll lose their home or vehicle. Fortunately, bankruptcy laws provide exemptions that allow many filers to keep essential assets.
- Chapter 7 Bankruptcy: Exemptions vary by state, but in many cases, you can protect your primary residence and personal vehicle if they fall within exemption limits.
- Chapter 13 Bankruptcy: This allows you to catch up on missed mortgage or car payments while keeping your property.
Bankruptcy doesn’t always mean losing everything—in fact, it’s designed to help you rebuild. Our attorneys at Williamson & Siler can assess your situation and guide you through the process to protect what matters most.
