Legal Question in Bankruptcy in Massachusetts

what is concidered an asset in bankruptcy law? chapter 7 and chapter 13 do not seem to mean the same thing. is my car, furniture, or a paid up disney time share, assets? what will be sold and what can I keep ?


Asked on 7/30/09, 5:06 pm

1 Answer from Attorneys
Daniel Gindes Law Office of Daniel Gindes

You really need to talk to a lawyer one on one. These are not simple questions that can be answered with any real detail in the abstract. All the things you mention are assets for the purpose of bankruptcy. Most clients can keep all their assets and still file, but, again, you need to see someone who can give you better answers specific to your situation.

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Answered on 8/04/09, 5:44 pm


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