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Will you lose your house or any car when you file bankruptcy?


Probably not. Hire a good bankruptcy attorney to be sure. Most people that file are able to exempt, meaning protect, their property from being taken by the bankruptcy trustee. You are required to disclose the property you own, however, there are many exemptions available in bankruptcy. Specifically there are homestead exemptions and motor vehicle exemptions.


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Know your rights regarding medical debts

Many people incorrectly assume medical debt is not dischargeable in bankruptcy. Medical debt is considered unsecured debt and it is dischargeable. Therefore if you have astronomical medical debts, cal