If you plan on doing a Chapter 13 are your assets in jeopardy? Do you still have to be subjected to the exemptions? We have a truck that is paid.
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In simple terms, a Chapter 13 allows you to keep your non-exempt property so long as you agree to pay the value of the non exempt property to your unsecured creditors over the life of the Plan. So, if you have a non exempt diamond ring worth $10k that you want to keep, you have to pay approximately $10k to your unsecured creditors through the Chapter 13 Plan.
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