Keeping Nonexempt Property in Bankruptcy

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In Chapter 7 bankruptcy, you may have to turn over property to the bankruptcy trustee if it is not protected by your state's bankruptcy exemption laws (or the federal exemptions if your state allows you to use them). This property is called nonexempt property.

If you have nonexempt property that you don't want to part with, however, you may be able to keep it. You can learn more about your options for keeping nonexempt property below.

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You should not send any sensitive or confidential information through this site. Any information sent through this site does not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties.

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