Are there any assets that I will not be able to keep in bankruptcy?
In Washington, it is possible to keep some assets in bankruptcy, but not all. Generally, you can keep assets that are considered exempt by the law, but other assets may have to be surrendered. Exempt assets may include things like your home, certain amounts of equity in your home, certain amounts of equity in a vehicle, certain personal belongings, and certain amounts of money in certain retirement accounts. Other assets like bank accounts, stock and bond investments, tax refunds, insurance policies, jewelry, and certain annuities may have to be surrendered. Additionally, some of your debts may not be discharged in a bankruptcy, such as student loans, child support, and taxes. It is important to consult an attorney to determine which of your assets and debts will be affected by a bankruptcy filing.
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