Bankruptcy Law Blog

Colorado Bankruptcy Law Attorneys

What Happens To My Assets? – Wagner Law Office

The answer to this question is… It Depends. In a Chapter 7 Bankruptcy, all of the debtor’s assets are considered “property of the bankruptcy estate.” The debtor will eventually get to keep the property if (1) it is exempt under applicable state law or, in the alternative, (2) it is abandoned back to the debtor [...]