What Assets Will I Lose?

How Do I Keep My Assets?
People think the minute they file for bankruptcy they lose everything except the shirt off their back, this is just not true.

To start with when you declare bankruptcy no one comes to your house and takes everything including your kitchen sink. All of your household items are safe when you apply for bankruptcy.

Anything that has high market value is a simpler way to comprehend what may be taken from you when you apply for bankruptcy, things like your home (if there is equity in it), your car (if it is worth more than $8,000 wholesale) and other large assets such as boats, caravans, motorcycles, shares, rental properties and other financial investments.

Before you panic and do something that will get you into hot water give us a call at Bankruptcy Ipswich on 1300 795 575 and we can help you with understanding the rules surrounding assets and bankruptcy.

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PHONE: 1300 795 575