Bankruptcy Attorney serving Elgin, South Elgin, Carpentersville, Dundee, Algonquin, Lake In The Hills, Crystal Lake and all surrounding areas including nearly all of Northern Illinois.

Can I keep my house and car?

Yes. Presuming that your house or car does not have major equity and the trustee in your case is not interested in selling it, then you will be able to keep your house or car as long as you keep up to date with the payments and maintain your insurance. You will normally be required to reaffirm any debt secured by items you intend to keep. For more information about the trustee see the section on the trustee herebelow. For more information on reaffirmations see the section on reaffirmations below.