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  • Erie: 814-451-1131
  • Why Steidl & Steinberg
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Blog

You don’t have to lose anything in bankruptcy

Posted on July 25, 2013 by Kenny Steinberg

Erie’s “Roar on the Shore” is over for this year. For the uninitiated, this is an event for bikers and their passengers. When I say “bikers,” I really mean Harley Davidson-riding motorcyclists, though other brands of motorcycles can also be seen—seen but not heard. When there are multitudes of Harleys around, virtually nothing else can be heard.

Harley owners are more fiercely loyal to their motorcycles than owners of anything else. I recall representing clients who had two Harleys and two cars. I told them that the Bankruptcy Code allowed them to keep virtually everything if they had to file. The wife shot back, “We’d give up our cars before we would give up our bikes.” Thank goodness they didn’t have kids.

The point here is that we have represented thousands of people who have motorcycles and are still riding them, contrary to the view that they would have to relinquish them when they filed a bankruptcy. While not everyone who files a bankruptcy will be allowed to keep everything they own, I cannot remember the last time that this occurred in one of my cases. The Bankruptcy Code is generous in what it allows you to keep. Furthermore, if there is any danger in losing anything, we always let our clients know before they sign the dotted line.

So if you are reluctant to consider filing for bankruptcy because you think you are going to lose something such as your house or your car, instead of fretting, call us at 800-360-9392 and get the real scoop.

You most likely have nothing to lose, literally.

 

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