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What happens when?

I wanted to know what happens when you file for bankruptcy? We are renting a place so does it mean we will losse our rental place? I haven't looked it up online yet I just wanted to see what you ladies say about it. Thanks for any help you may have to offer about filing for bankruptcy!

Answer Question
 
Anonymous

Asked by Anonymous at 11:36 AM on Aug. 13, 2009 in Money & Work

Answers (1)
  • no, you only are forgiven for your debts. You don't have to lose anything. If you owned your house you could keep it but you'd keep the debt as well. Same with furniture or a car. You choose what you want to let go and no longer pay for. Rentals are not included since you don't own the rental.
    admckenzie

    Answer by admckenzie at 11:55 AM on Aug. 13, 2009

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