Yes! Many people believe they cannot own anything for a period of time after filing for bankruptcy. This is not true. Bankruptcy is best used to preserve what you do have rather than filing after everything is gone. You can keep your exempt property and anything you obtain after the bankruptcy is filed. DO NOT use your retirement to try and pay off your debts before talking to us.
However, if you receive an inheritance, a property settlement or life insurance benefits within 180 days after filing for bankruptcy, that money or property may have to be paid to your creditors if the property or money is not exempt.
