Quote:
Originally Posted by d-null
when you file for bankruptcy in the u.s. what do you get to keep that the creditors can't try to get from you? house? car? etc? or is it all fair game?
|
Really varies by state.
Some states the house is off limits no matter how much it is worth nor how large it is. Other states your house and often car is for the most part safe.
Not like they strip you of everything, sell it to the highest bidder, and then you are done. Very often your basic assets are safe. Like a car, your house if reasonable, your basic furnishings, etc.