Will I Have To Give Up Any Of My Property To My Creditors? - BANKRUPTCY

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BANKRUPTCY: Will i have to give up any of my property to my creditors?

The vast majority of filers get all or most of their debts discharged (wiped-out) without giving up any of their own property. This is because federal as well state laws provide exemptions for your property. Exempted property is property such as household goods and personal belongings, which you may keep despite your bankruptcy.

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