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	<title>Law Offices of Lance L. Lee &#187; bankruptcy</title>
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	<link>https://lancelee.com</link>
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		<title>How long does a bankruptcy stay on my record?</title>
		<link>https://lancelee.com/faqs/how-long-does-a-bankruptcy-stay-on-my-record/</link>
		<comments>https://lancelee.com/faqs/how-long-does-a-bankruptcy-stay-on-my-record/#comments</comments>
		<pubDate>Tue, 11 Feb 2014 00:03:52 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

		<guid isPermaLink="false">http://lancelee.com/?post_type=qa_faqs&#038;p=121</guid>
		<description><![CDATA[If one’s “record” means on his credit reports:  Chapter 7 bankruptcies remain on credit reports for 10 years, whereas Chapter 13 bankruptcies generally remain for 7 years.]]></description>
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		<title>Will I lose my home if I file for bankruptcy?</title>
		<link>https://lancelee.com/faqs/will-i-lose-my-home-if-i-file-for-bankruptcy/</link>
		<comments>https://lancelee.com/faqs/will-i-lose-my-home-if-i-file-for-bankruptcy/#comments</comments>
		<pubDate>Tue, 11 Feb 2014 00:02:58 +0000</pubDate>
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				<category><![CDATA[bankruptcy]]></category>

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		<description><![CDATA[There are many factors that impact the ability to keep your home, including: o The equity you have in your home (value exceeding liens) o The status of your mortgages (current or in foreclosure) o The type of bankruptcy you&#8217;re filing]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Will I lose my retirement accounts or payments from social security?</title>
		<link>https://lancelee.com/faqs/will-i-lose-my-retirement-accounts-or-payments-from-social-security/</link>
		<comments>https://lancelee.com/faqs/will-i-lose-my-retirement-accounts-or-payments-from-social-security/#comments</comments>
		<pubDate>Tue, 11 Feb 2014 00:02:14 +0000</pubDate>
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				<category><![CDATA[bankruptcy]]></category>

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		<description><![CDATA[Generally, no. Retirement accounts that are ERISA-qualified aren&#8217;t considered property of an estate and aren&#8217;t taken into consideration as assets. Social Security benefits are protected from assignment, or garnishment for debts in bankruptcy.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>What can I keep, if anything, if I file bankruptcy?</title>
		<link>https://lancelee.com/faqs/what-can-i-keep-if-anything-if-i-file-bankruptcy/</link>
		<comments>https://lancelee.com/faqs/what-can-i-keep-if-anything-if-i-file-bankruptcy/#comments</comments>
		<pubDate>Tue, 11 Feb 2014 00:00:37 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

		<guid isPermaLink="false">http://lancelee.com/?post_type=qa_faqs&#038;p=117</guid>
		<description><![CDATA[Exemptions allow an individual to &#8220;exempt&#8221;, or keep, certain kinds of property. State law defines what assets are considered &#8220;exempt,&#8221; but typically include: o Jewelry o Vehicles up to a certain amount o Equity in a home up to a certain amount o &#8220;Tools of the trade&#8221; or tools and equipment necessary to allow the [&#8230;]]]></description>
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		<title>Can all types of debt be discharged?</title>
		<link>https://lancelee.com/faqs/can-all-types-of-debt-be-discharged/</link>
		<comments>https://lancelee.com/faqs/can-all-types-of-debt-be-discharged/#comments</comments>
		<pubDate>Tue, 11 Feb 2014 00:00:06 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

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		<description><![CDATA[No. The debts that can&#8217;t be discharged vary slightly between the different chapters of bankruptcy. Generally, the following cannot be discharged: o Debts for taxes owed to local, state or federal agencies (but there are important exceptions to this!) o Debts for money, property, services, or an extension, renewal, or refinancing of credit, which was [&#8230;]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Does my divorce decree protect me from creditors if my ex files for bankruptcy?</title>
		<link>https://lancelee.com/faqs/does-my-divorce-decree-protect-me-from-creditors-if-my-ex-files-for-bankruptcy-2/</link>
		<comments>https://lancelee.com/faqs/does-my-divorce-decree-protect-me-from-creditors-if-my-ex-files-for-bankruptcy-2/#comments</comments>
		<pubDate>Mon, 10 Feb 2014 23:59:16 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

		<guid isPermaLink="false">http://lancelee.com/?post_type=qa_faqs&#038;p=115</guid>
		<description><![CDATA[No. A divorce decree is an agreement or order between the two divorcing parties. In regard to debts, it spells out who is ultimately responsible for each debt. However, if both parties are responsible before divorce, the creditors can still go after either or both parties. The divorce decree would allow a party who had [&#8230;]]]></description>
		<wfw:commentRss>https://lancelee.com/faqs/does-my-divorce-decree-protect-me-from-creditors-if-my-ex-files-for-bankruptcy-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Can a loan co-signor be responsible for a debt if the other person declares bankruptcy?</title>
		<link>https://lancelee.com/faqs/can-a-loan-co-signor-be-responsible-for-a-debt-if-the-other-person-declares-bankruptcy/</link>
		<comments>https://lancelee.com/faqs/can-a-loan-co-signor-be-responsible-for-a-debt-if-the-other-person-declares-bankruptcy/#comments</comments>
		<pubDate>Mon, 10 Feb 2014 23:58:26 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

		<guid isPermaLink="false">http://lancelee.com/?post_type=qa_faqs&#038;p=114</guid>
		<description><![CDATA[Yes.  The lender can require the co-signor to make payments on a loan once the principal has declared bankruptcy on the credit.  This makes it extremely important when considering co-signing a loan:  Be ready, and able, to pay the loan in the event that the principal signor defaults.]]></description>
		<wfw:commentRss>https://lancelee.com/faqs/can-a-loan-co-signor-be-responsible-for-a-debt-if-the-other-person-declares-bankruptcy/feed/</wfw:commentRss>
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		</item>
		<item>
		<title>What happens if one spouse files for bankruptcy and not the other?</title>
		<link>https://lancelee.com/faqs/what-happens-if-one-spouse-files-for-bankruptcy-and-not-the-other/</link>
		<comments>https://lancelee.com/faqs/what-happens-if-one-spouse-files-for-bankruptcy-and-not-the-other/#comments</comments>
		<pubDate>Mon, 10 Feb 2014 23:57:11 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

		<guid isPermaLink="false">http://lancelee.com/?post_type=qa_faqs&#038;p=112</guid>
		<description><![CDATA[The non-filing spouse will still be liable for debts he or she owes.  In a community property state, such as Washington, this will probably entail all or almost all debts EACH SPOUSE incurred while they were married and living together.]]></description>
		<wfw:commentRss>https://lancelee.com/faqs/what-happens-if-one-spouse-files-for-bankruptcy-and-not-the-other/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What&#8217;s a joint petition?</title>
		<link>https://lancelee.com/faqs/whats-a-joint-petition/</link>
		<comments>https://lancelee.com/faqs/whats-a-joint-petition/#comments</comments>
		<pubDate>Mon, 10 Feb 2014 23:56:38 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

		<guid isPermaLink="false">http://lancelee.com/?post_type=qa_faqs&#038;p=111</guid>
		<description><![CDATA[A joint petition is when an individual and a spouse file a single petition.  Unmarried partners must file separate cases.]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Do you have to have a certain amount of debt to file?</title>
		<link>https://lancelee.com/faqs/do-you-have-to-have-a-certain-amount-of-debt-to-file/</link>
		<comments>https://lancelee.com/faqs/do-you-have-to-have-a-certain-amount-of-debt-to-file/#comments</comments>
		<pubDate>Mon, 10 Feb 2014 23:55:52 +0000</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
				<category><![CDATA[bankruptcy]]></category>

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		<description><![CDATA[No.  If you are unable to pay your debts as they come due, bankruptcy is probably worth considering regardless of how much debt you owe.]]></description>
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