Will I lose my assets if I file bankruptcy?

Usually, no. When you file Chapter 7, the trustee may take possession of and sell any non-exempt assets. The good news is that the State of Ohio and the federal government provide generous exemptions that usually fully protect assets such as your house, your car, your household goods, and your retirement accounts. The Jones Law Firm will fully analyze your situation and determine if you may have any non-exempt assets. If you do have non-exempt assets, you may have the option of filing Chapter 13 and protecting those assets.