Valparaiso, FL Bankruptcy Law Firms & Lawyers

What assets you can keep in a bankruptcy case depends on which chapter you file, what the value of your assets are, and what exemptions you have available under applicable law to protect those assets. Exemptions are "protections" for value you have in certain assets such that they are "exempt" from collections.  Every state has different exemptions amounts available. Exemption laws are based on the state where you resided for the 2 years prior to filing your bankruptcy case or, if you lived in more than 1 state during that period, in the state where you resided for the greater part of the 180 days prior to that 2 year period.  You need to have a consultation with a bankruptcy attorney in your area who can advise you on your options and answer your questions after obtaining the relevant information. Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau. 

No, you can add in additional creditors to your bankruptcy at anytime until it closes, provided that the debt was made before you filed Chapter 13. The court charges a $30 filing fee to do this and expect your attorney to add on a charge for the additional work as well. By the way, it isn't enough to just add the additional creditor with an amendment. You also have to make sure the creditor is served with the notices that the court sent to all of the initial creditors, including a copy of the plan and a form to file a proof of claim.