Don't lose money because you don't understand what assets are when you file a Chapter 7 Bankruptcy.

People do not understand what all is included in the legal term "property" or assets. When you file a Chapter 7 Bankruptcy, everything you own and are entitled to becomes part of what is called the "bankruptcy estate" and is controlled by the Chapter 7 trustee. The trustee has the right to take any assets in the bankruptcy estate and liquidate them to help pay unsecured creditors. You have the right to protect certain things so that the trustee cannot take those assets. This is called exemptions. Only an attorney can give you advice about what exemptions you can use and how to claim them. Don't lose thousands of dollars because you don't understand how to protect your assets. Contact Hampton Roads Legal Services today at 757-320-2010. We will guide you through the Chapter 7 bankruptcy process and make sure that you do not lose any money or assets that you want to keep.

Edrie Pfeiffer
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Edrie Pfeiffer, Bankruptcy & Divorce Attorney