Bankruptcy

V

Vinny1

If you own a home fully paid off and a car fully paid off, and you run up the credit card bills and run up medical bills, can you just file for bankruptcy and be able to keep the home and car?

Can you keep a vacation home that is fully paid off if you file for bankruptcy?

If you have cash in a safe, can you keep it if you file for bankruptcy?

If you own a home in a foreign country, can you keep it if you file for bankruptcy in the U.S.?
 
The answers depend on which state you are filing in.

In Florida, the house you live in (if the mortgage is not in default) and your primary car are safe as far as I know.
 
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