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What happens to my property in bankruptcy?<\/p>\n

First, we take all of your property and divide it into (a) exempt property and (b) non-exempt property. Exempt property is set aside for you to keep (WITH any debt secured by the property); non-exempt property (if any) goes to the Trustee, who sells it and distributes the proceeds to your unsecured creditors. (In many cases, the trustee sells the non-exempt property back to the debtor, but the proceeds still go to the creditors.) When that\u2019s done, you get your discharge, wiping out any remaining debt to the general unsecured creditors, and you get your Fresh Start.<\/p>\n","protected":false},"excerpt":{"rendered":"

What happens to my property in bankruptcy? First, we take all of your property and divide it into (a) exempt property and (b) non-exempt property. Exempt property is set aside for you to keep (WITH any debt secured by the property); non-exempt property (if any) goes to the Trustee, who sells it and distributes the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":183,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"yoast_head":"\nWith your property – John Bodle, Attorney at Law<\/title>\n<meta name=\"description\" content=\"First, we take all of your property and divide it into (a) exempt property and (b) non-exempt property. Exempt property is set aside for you to keep...\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/johnbodlelaw.com\/practice\/bankruptcy\/bankruptcy-basics\/what-is-the-process\/with-your-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With your property – John Bodle, Attorney at Law\" \/>\n<meta property=\"og:description\" content=\"First, we take all of your property and divide it into (a) exempt property and (b) non-exempt property. Exempt property is set aside for you to keep...\" \/>\n<meta property=\"og:url\" content=\"http:\/\/johnbodlelaw.com\/practice\/bankruptcy\/bankruptcy-basics\/what-is-the-process\/with-your-property\/\" \/>\n<meta property=\"og:site_name\" content=\"John Bodle, Attorney at Law\" \/>\n<meta property=\"article:modified_time\" content=\"2016-07-12T19:07:54+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"http:\/\/johnbodlelaw.com\/#website\",\"url\":\"http:\/\/johnbodlelaw.com\/\",\"name\":\"John Bodle, Attorney at Law\",\"description\":\"Lawrence (785) 843-0187\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"http:\/\/johnbodlelaw.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/johnbodlelaw.com\/practice\/bankruptcy\/bankruptcy-basics\/what-is-the-process\/with-your-property\/#webpage\",\"url\":\"http:\/\/johnbodlelaw.com\/practice\/bankruptcy\/bankruptcy-basics\/what-is-the-process\/with-your-property\/\",\"name\":\"With your property – John Bodle, Attorney at Law\",\"isPartOf\":{\"@id\":\"http:\/\/johnbodlelaw.com\/#website\"},\"datePublished\":\"2012-03-31T23:31:13+00:00\",\"dateModified\":\"2016-07-12T19:07:54+00:00\",\"description\":\"First, we take all of your property and divide it into (a) exempt property and (b) non-exempt property. Exempt property is set aside for you to keep...\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/johnbodlelaw.com\/practice\/bankruptcy\/bankruptcy-basics\/what-is-the-process\/with-your-property\/\"]}]}]}<\/script>\n","_links":{"self":[{"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/pages\/151"}],"collection":[{"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/comments?post=151"}],"version-history":[{"count":6,"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/pages\/151\/revisions"}],"predecessor-version":[{"id":799,"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/pages\/151\/revisions\/799"}],"up":[{"embeddable":true,"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/pages\/183"}],"wp:attachment":[{"href":"http:\/\/johnbodlelaw.com\/wp-json\/wp\/v2\/media?parent=151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}