When you start looking into bankruptcy, you will probably hear a lot about your "assets." According to the law, this refers to any property you own or have an interest in. Although the United States Constitution grants all consumers the right to relieve debts through one of two personal bankruptcy chapters, many people hesitate because of common myths surrounding assets. In general, filing for bankruptcy does not mean you have to give up everything you own. At the end of the day, how much you may lose comes down to the specifics of your case. Consider these four questions. 1. When Can I … [Read more...]