bankruptcy furniture sales
I am thinking about filing bankruptcy soon. I am swimming in debt and I see no other way out. I would like to know the effects of filing. I am a single mother of two and I was told that the courts will make me sale my furniture and even my vehicle that I am paying on will have to be sent back to the car company although I am in good standing with them. I am worried, my children and I need these things to survive!
You’ll need to consult with a Bankruptcy Attorney. There are new BK laws that are in effect (unlike in the past when you can file BK, and everything is erased). The laws have changed with what you can and can’t do with your debt.
Sorry, I’m not much help, but a specialty BK Attorney should be able to help you out with these questions.
Check out this website for details re: the new BK Laws:
http://www.bankruptcylawinformation.com/index.cfm?event=dspKeyChanges
FYI Only: In the event you end up filing BK, it remains on your record for 10 years.
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