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866-678-9352
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You can also feel free to text us at 414-277-7742 to set up your FREE appointment with our attorneys today
You can also feel free to text us at 414-277-7742 to set up your FREE appointment with our attorneys today

Protected in Bankruptcy

A recent article in the Wall Street Journal regarding What is Protected in a Bankruptcy it stated that by year end, more than 1.6 million people are expected to have filed for personal bankruptcy, according to the American Bankruptcy Institute.

If you are considering such a move, these five assets might be protected.

Holding on to your home depends on the state you live in and typically the amount of equity in your house. In general, if a home is worth less than the mortgage balance, the owner can keep it as long as the payments stay current. If there's equity in the home, most states offer an expemtion-money from the trustee's sale of the home that stays with the homeowner.

Read more of the article at http://www.smartmoney.com/personal-finance/debt/filing-for-bankruptcy-what-can-you-protect/

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Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

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