Property

[ted1]

This might seem like a silly question, but I'll ask it anyway.. Does someone lose their property as soon as they file for bankruptcy?

[bellagirl]

It all depends on what type of bankruptcy you file and what you declare under it. Some assets are protected, though that is more for ch. 13.

[SIMORNY]

yes i agree with bellagirl
It all depends on what type of bankruptcy you file and In many cases, bankruptcy can be avoided if the habits that lead to one filing bankruptcy are curbed early on in life

[hross]

Here SIMORNY and bellagirl both are right because your bankruptcy file decides the direction.