Can I keep my property in bankruptcy?

Your lawyer’s job in bankruptcy is not just to get you out of debt, but also to allow you to keep your assets. For this purpose, we make use of your “property exemptions” established by State law. As California has generous exemption limits, for most folks all of their assets are protected. If a client’s assets happen to exceed the exemption limits, that client would likely file under Chapter 13, which protects even “excess assets”, provided the client pays a higher repayment amount through his or her Chapter 13 Plan.