Keeping Assets In Bankruptcy

Many people mistakenly believe that filing bankruptcy will require them to give up all or most of their property. In reality, it is often the best way to eliminate debts while protecting valuable assets you could otherwise lose.

Understanding Bankruptcy Exemptions And All Available Options

"If I file bankruptcy, what assets can I keep?" is a question that our attorneys address for our clients every working day. Although each situation must be carefully analyzed, bankruptcy exemptions that may apply to your case include:

  • A substantial amount of equity in your home
  • Your car or other motor vehicle
  • Retirement accounts such as 401(k) plans and IRAs
  • Pensions and life insurance policies
  • Your clothing, home furnishings and other household goods

We know the federal, Ohio and Kentucky bankruptcy laws extremely well, and we always strive for maximum asset protection in bankruptcy cases. Your lawyer will carefully consider your unique concerns and explain the process. You may ultimately decide that Chapter 7 "total" bankruptcy is right for you. In many cases, filing Chapter 13 bankruptcy is the best way to stop foreclosure and enter a manageable plan to pay your debts over several years.

Debt Problems? Facing Foreclosure? Call 513-621-0912

Too often, people drain retirement savings, suffer repossessions and lose other assets they could have kept before learning the truth about bankruptcy. At Goering & Goering, LLC, we do not pressure anyone to file bankruptcy. Instead, we spell out options and explain what various approaches can accomplish. This has been the clear focus of our law practice for more than 50 years.

For information and guidance you can trust, please schedule a free initial consultation with one of our experienced Cincinnati bankruptcy lawyers today.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.