More details to this question:
If I have equity in my home, and I have retirement plans, can either of these be touched if I claim chapter 13 bankruptcy?
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
Reviews not shown
3 Awards
Assets are not "touched" in a Chapter 13 case, but you will need to repay at least the amount of non-exempt value of your assets to your creditors. Exemptions are protections you have under state law law for values in assets. Which state's exemption law applies in your case depends on where you lived in the 2 1/2 years prior to filing your case.
A consultation with an experienced bankruptcy attorney in your area will enable you to determine what amounts you would have to pay in a Chapter 13 case.
Answered on Mar 23rd, 2019 at 10:28 PM