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Non-Exempt Property Under Chapter 13

Under Chapter 13 bankruptcy, you will not have to sell off your assets in order to pay your debts. However, an important exception is that property you own that is not exempt under Chapter 13 bankruptcy law can be used to determine your net worth and your ability to pay your debts. Because of this your creditors can use your non exempt property to claim that you are able to pay them the full amount they are owed.

During your bankruptcy case you, your trustee, and your creditors have the right to lay claim to your property. Any claims that are made and not objected to as improper may be approved by the court, so it is important to monitor any claims that are made on your assets and argue their legitimacy before the court. This must be done in a timely manner before your trustee distributes your assets.

If you have questions about your non exempt property under Chapter 13 bankruptcy law, speak to a Chicago bankruptcy attorney who can help guide you through this confusing process by contacting Bizar & Doyle, LLC.

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The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100