Are there any assets that I will not be able to keep in bankruptcy?

Yes, there are certain assets that you are not able to keep in bankruptcy if you file in the state of Kansas. These assets include any property that has been obtained through fraud or misrepresentation, such as proceeds from a criminal activity. The bankruptcy court will also look at the value of your assets, and if you have equity in any of them, it is possible that you may have to sell them to help pay off your debt. Additionally, any luxury items that you have acquired within the past 90 days before filing for bankruptcy may be subject to seizure by the court. For instance, if you purchased a brand-new car, it may be considered a luxury item and taken away under bankruptcy law. Lastly, items of sentimental value or family heirlooms are exempt from bankruptcy and cannot be taken, provided you are able to prove that they are not worth any monetary value. If you are unsure of if any of your assets are eligible for bankruptcy, you should speak with an attorney to get clarification.

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Are there any assets that I will not be able to keep in bankruptcy?

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