Legal Question in Bankruptcy in South Carolina
bankruptcy
i am thinking about filing for bankruptcy, can you tell me what chapter would i file if I have personal property that i want to keep.
Asked on 5/03/07, 11:26 am
1 Answer from Attorneys
Sheryl Schelin
Law Office of Sheryl Schelin
Re: bankruptcy
The decision of which chapter bankruptcy to file is complicated, and really needs to be reached only after consultation with an experienced bankruptcy attorney. Either chapter could, potentially, allow you to retain personal property, as only nonexempt property is subject to liquidation in Chapter 7. For more information, you can take a look at my website, http://www.schelinlaw.com/19.html, and the FAQ I've put up there. If you're ready to sit down with an attorney, please call my office at 843.283.4840.
Answered on 5/03/07, 1:33 pm