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

Yes, after filing for bankruptcy in Oregon, you may not be able to keep all of your assets. Generally, you cannot keep assets that you acquired with the intention of filing for bankruptcy or which are part of a bankruptcy estate. You also cannot keep assets which are exempt from bankruptcy estate such as homes, cars, and other essential items that are needed to make a living. In addition, the government may place liens against assets that you cannot keep after filing for bankruptcy. Liens are a legal claim against property or assets and can be put in place by creditors who are owed money by the debtor. These liens are usually put in place to secure payment, and must be paid off with the assurance that the asset will be handed over to the creditor if the payment is not made. You should also be aware that some assets such as gifts, inheritances, and lottery winnings cannot be kept after filing for bankruptcy.

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

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