For those who personal investment property and plan on submitting for chapter 7 bankruptcy, it’s possible you’ll not be capable to keep that property. Even whether it is used as rental property, your scenario may be subject to United States Chapter Code 541, which states that “proceeds,…rents, or earnings of or from property of the [debtor’s] property” are included of their total property. This means that for those who rent your property and earn an revenue, it is seemingly counted as non-exempt property.
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How is Investment Property Treated in Bankruptcy?
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