Can I Choose Which Debts And Property Will Be In The Bankruptcy?

A. No. It is against the law. Under the Bankruptcy code, when you file for bankruptcy, you have to list all of your property and all of your debts. If you want to keep paying on specific debts, you are able to do so. After you file, there are some debts that you have to keep paying. For example, if you have a car, even though it is listed as a debt in your bankruptcy, if you want to keep it you have to keep making your payments. As long as you stay current on the loan and keep the car insured, you are protected under the law and you get to keep it.

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