What Assets Can You Keep in a Bankruptcy?

Many people who are carrying enormous amounts of debt are reluctant to file for bankruptcy out of fear that they will “lose everything.” That conjures up visions of being penniless and walking the streets with little more than the clothes on your back. Obviously, no one would choose that outcome if they could possibly avoid it – even if it means bearing the pain of carrying unsustainable debt loads a little bit longer.

Fortunately, filing for bankruptcy does not involve losing everything you h...