When filing for Chapter 7 bankruptcy, you can keep any property that falls within an exemption. While most property falls within an exemption, if your property does not, then a Trustee may sell the property and use the proceeds to pay your creditors.
Disclaimer: This site is purely informational and is not a substitute for legal advice. Only a signed agreement from this Colorado Springs law firm creates a lawyer-client relationship. The information on this site is intended, but not guaranteed, to be accurate and current. Disability attorney Diane K. Bross practices in the following counties: El Paso, Pueblo, Teller, Fremont, Otero, and Crowley. Past results are no guarantee of future performance.