Omaha Bankruptcy Exemptions Lawyer
Individuals often ask, what can I keep after bankruptcy? When you file for bankruptcy, the Bankruptcy Code allows you to keep certain property by labeling that property as exempt. These exemptions can be either straightforward or complex depending on the property itself. An experienced attorney can guide you through the entire process.
At Howard T. Duncan, Attorney at Law, our approach is to have our clients tell us everything they have, and we can tell them what they will keep. Generally, individuals filing bankruptcy can assume they can keep everything, unless they hear otherwise from us. Many people can be steered wrong by Internet research or anecdotal information from friends. We prefer individuals to come to our office so we can accurately answer their questions.
Most often, the vast majority of people going through bankruptcy get to keep all or most of their property, including:
- Clothing
- Jewelry
- Furniture
- Vehicle
- Home
- Retirement funds
- Pension plans
- Tools of the trade
People often think that Chapter 7 entails an asset liquidation where someone will come to their house and sell all of their property to pay off their debts. It is important to seek the counsel of an experienced attorney to answer your questions. Schedule a free, confidential consultation with a lawyer at our Nebraska office.
Contact Us
If you have questions regarding how filing for bankruptcy can help your financial situation, contact Howard T. Duncan, Attorney at Law. We can be reached by phone at 402-216-0313, toll free at 877-237-0128 or online by completing the contact form on this website.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
