Can u share ur exp goin bankrupt?

Question

how bad is it can u keep a home/car I live in vt

Answer 1

I have not been there, but I have answered this question prob over a 100 times here.

1. Seek the legal advice of a bankruptcy attorney.

2. Seek the legal advice of an asset protection attorney.

Both lawyers should have 15+ years specialized legal experience in these areas. They should know the law inside out.

Most of these kind of lawyers will give a free initial legal consultation.

NEVER hint to any creditor that you may do this. They will pull 100% of your credit lines immediately and may immediately demand full payment. This is why you have to talk to legal experts first!

Here are some reading you can do in the mean time:

US Courts - Chapter 7

http://www.uscourts.gov/bankruptcycourts...

Chapter 13

http://www.uscourts.gov/bankruptcycourts...

Nolo law Chapter 7

http://www.nolo.com/resource.cfm/catID/2...

Chapter 13

http://www.nolo.com/resource.cfm/catID/2...

Wikipedia Chapter 7

http://en.wikipedia.org/wiki/Chapter_7,_...

Chapter 13

http://en.wikipedia.org/wiki/Chapter_13,...

Debt Collector FAQ

Fair Debt Collection Practices Act

http://en.wikipedia.org/wiki/Fair_Debt_C...

FTC

http://www.ftc.gov/bcp/menus/consumer/cr...

There are ways to handle this.

Good Luck!