Fear Of Losing Property In Bankruptcy

Sometimes people who are feeling tremendous financial pressures refuse to consider bankruptcy because they fear a loss of property in bankruptcy.  This fear is based in part on the bankruptcy myth that once you declare bankruptcy you will automatically lose all of that you own.  This misconception ignores the fact that there are legal exemptions that apply in bankruptcy that may be helpful in keeping property.  Rather than give up exploring debt relief through bankruptcy a consumer should contact a Twin Cities law firm that offers a bankruptcy service and arrange for a conference with a Minnesota Bankruptcy attorney.  A Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can explain to a debtor  how exemptions work in bankruptcy. A Twin Cities bankruptcy attorney can do a bankruptcy evaluation with the means test to determine a debtor’s eligibility for filing bankruptcy as well as appraising  the proper use of exemptions.  A consumer may find that his or her worst fears of losing property were baseless and that a bankruptcy may provide a chance for a fresh start.

We are a debt relief agency, we help people file for relief under the bankruptcy code.

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