Are there any assets that I cannot keep after filing for bankruptcy?

Yes, there are certain assets in Nebraska that you cannot keep after filing for bankruptcy. These assets are considered exempt, so you must give them up to the bankruptcy trustee to pay back your creditors. This includes things such as cash, bank accounts, property, cars, jewelry, furniture, and other items of value. In Nebraska, you can also not keep assets that are not considered to be exempt. These assets will be sold or turned over to the bankruptcy trustee to pay off your creditors. This could include things like a second home or vacation home, boats, recreational vehicles, expensive collections like art and antiques, stocks, bonds, and other investments. If you are filing for Chapter 7 bankruptcy, you may be able to keep some of these non-exempt items if you can afford to pay the trustee the value of the property in a lump sum payment. However, this is not always possible, so it is best to consult with a bankruptcy attorney to ensure you understand the rules and regulations related to your specific circumstances. In summary, filing for bankruptcy in Nebraska means you are required to give up certain assets that are considered to be exempt. This includes cash, bank accounts, property, cars, jewelry, furniture, and other items. However, some of these non-exempt assets may be kept if you can afford to pay the bankruptcy trustee the value of the property in a lump sum payment. It is important to speak to a bankruptcy lawyer to fully understand the rules and regulations related to your specific case.

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Are there any assets that I cannot keep after filing for bankruptcy?

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