Q: Am I allowed to keep any of my property if I file a Chapter 7 bankruptcy in Washington State?
A: Yes both real and personal property as long as fair market value and equity within the applicable exemptions.
A: Yes. There are Federal and state exemptions for both real and personal property. You can keep all property that fits under one or more exemptions. Contact a local bankruptcy attorney who can evaluate this for you.
A: Yes. You are able to protect some property using your Federal or state exemptions. Consult a lawyer locally who can help you determine which chapter is right for you.
A: Yes. You May keep both personal and real property depending upon its fair market value and the applicable state or federal exemption.
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