if you file bankruptcy do you loose all possessions?

Budget101 Discussion List Archives Budget101 Discussion List if you file bankruptcy do you loose all possessions?

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      Just an additional note too. When we went through it, we found out

      “thankfully” that Texas has some of the most lenient bankruptcy laws.

      We filed Chapter 7, but all of our writeoffs were business related,

      which btw is still personal, but not as detrimental to your future

      ability to obtain a loan. Bankruptcy laws are determined by the state,

      where things like posessions, what types of items you can write off

      etc. I agree with Diane, consult an attorney before you spend all of

      your money. If you plan to file, quit making all credit card payments

      NOW and save about $3000 to pay your attorney.

      Lori

      Thankfully in Dallas

      — In Budget101_@yahoogroups.com, “J Diane Northcutt”

      wrote:

      >

      > We just went through bankruptcy. How long it takes, what it cost

      and whether you loose stuff depends on several factors. There are

      three types Chapter 7, Chapter 11 & Chapter 13.

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Budget101 Discussion List Archives Budget101 Discussion List if you file bankruptcy do you loose all possessions?