Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I keep my house if I file bankruptcy?”
Most people assume that bankruptcy means a blank slate, a chance to start over fresh. While this is true with some categories of debt, it is important to note that a bankruptcy will not wipe away everything. Under the Bankruptcy Code, there are some categories of debt that are exempt form discharge, know as Section 523 exceptions. These exceptions apply to individuals filing Chapters 7, 11, 12 and, with some caveats, Chapter 13 bankruptcies. To find out more about the debts that you may never be able to fully escape, keep reading.