Legal Question in Bankruptcy in California

What assets can I keep in a Chapter 13 Bankruptcy

My husband is very apprehensive about filing a Chapter 13 bankruptcy. We have about $5,000.00 worth of stock, about $50,000.00 collectively in our 401K and Annuity plans. My husband thinks if we file for a Chapter 13, the court will sell our stock and possibly take our retirement funds to pay for our debts. Is this true?


Asked on 4/06/99, 3:59 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: What assets can I keep

No, that is not true. There are extensive nuances and pitfalls to Ch. 13 though, so you should definitely consult with a professional in your area. If you live in the Greater Los Angeles area and would like a consultation, please visit my web page and give me a call at (818)509-1173. I will be happy to assist. Best Regards, Mark

Mark Markus

Law Office of Mark J. Markus

11684 Ventura Blvd., Ste. 403


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Answered on 4/08/99, 8:54 pm


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