FAQ Tag: Asset Protection

You may be able to keep your house in Chapter 7 bankruptcy if you have equity within the exemption limits and continue making mortgage payments.

In Chapter 7, non-exempt assets may be liquidated to pay creditors. However, many assets are protected by exemptions, allowing you to keep essential belongings like your home, car, and personal items.

If you receive an inheritance within 180 days of filing for bankruptcy, it may become part of your bankruptcy estate. However, there may be strategies to protect it.

Most retirement accounts, including 401(k)s and IRAs, are protected in bankruptcy, allowing you to preserve your savings for the future.

In many cases, you can keep your car during bankruptcy by reaffirming the loan or redeeming the vehicle. Our experienced attorneys in Riverside, CA, and beyond can explain your options and help you protect your vehicle.

Yes, filing for bankruptcy can temporarily or permanently stop vehicle repossession. Our attorneys can help you use bankruptcy to protect your car.

The timeline for stopping foreclosure varies by state. Our legal team can assess your situation and advise you on your options, even if foreclosure seems imminent.

Yes, filing for bankruptcy can temporarily or permanently stop foreclosure proceedings, giving you time to catch up on payments or explore alternatives. Our attorneys can help you utilize bankruptcy to save your home.

You can often keep your car in bankruptcy by reaffirming the loan or redeeming the vehicle. Kostopoulos Bankruptcy Law can explain your options and help you safeguard your vehicle.

You may be able to keep your house after bankruptcy if you have equity within the state’s exemption limits and continue making mortgage payments. Our experienced attorneys can help you protect your home.