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People who file bankruptcy are often able to keep three kinds of property:
Fortunately a debtor in bankruptcy proceedings will be able to keep some property, however the debtor should not sell anything until the case is closed or their attorney tells them that you can sell it.
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Exempt Property
The property that a chapter 7 debtor is allowed to keep is usually the same property that a creditor could not take back even if the debtor had not filed a bankruptcy.
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Chapter 7 Bunkruptcy
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