Can You Own Anything After a Bankruptcy? Information from a Bankruptcy Attorney in Tampa
Some of the most common fears when a struggling consumer thinks about the possibility of filing bankruptcy are that they will lose everything they own, and not be able to own anything for a period of time afterward. However, a bankruptcy attorney in Tampa will tell you that certainly isn't the case.
In fact, you are allowed to maintain possession of your exempt property and anything you come into possession of after filing bankruptcy. Your bankruptcy attorney in Tampa can explain in greater detail how the exemption rules work, but in most cases your fears of losing everything are far from reality. Oftentimes, if you receive an inheritance, property settlement, or life insurance benefits within 180 days of filing for bankruptcy, that money or property may have to be used to pay your creditors if it is not exempt, but your current possessions are most often exempt, meaning you are allowed to retain possession.
If you are facing increasing debt, late mortgage or credit card payments, or other severe financial issues and are considering bankruptcy as a potential option, contact Yesner & Boss, P.L. today, the trusted bankruptcy attorney in Tampa. We can help alleviate your fears of losing your property and not being able to own anything in the future, and instead use our experience handling bankruptcy cases to answer your questions and help you make well-informed decisions about your future. Contact us today to set up your free consultation so we can learn more about you, your situation, and answer any questions you might have about filing for bankruptcy.
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