Will I Be Able to Keep My Assets in a Chapter 13 Bankruptcy?

During a Chapter 13 bankruptcy, you will likely be able to keep your assets as long as you are able to continue to make the monthly payments. Filing for bankruptcy will induce an automatic stay from the court, which will stop all foreclosures, repossessions, and collection activity. You will then be able to work with your attorney and figure out which assets you can and can’t afford to keep.