One of the most questions asked during bankruptcy interviews of people wanting to file bankruptcy always seems to be can I keep my furniture , laptop or my camera I purchased a couple of years ago? This questions is typically “yes”. However, when filing bankruptcy the question really depends on the timeline of when products were purchased; how were the products were paid for. The concern with how products were paid for falls with in the interest of the party wanting to file bankruptcy. If the idividual wishing to file a Chapter 7 Bankruptcy after they purchased a new laptop on their credit card in recent months or any the forementioned products they are considered secure and the filer runs the potential of being required to pay for the laptop or even worse being accused of trying to commit bankruptcy fraud. If you purchased the merchandise described above and it has been awhile( year etc) and you wish to file a Chapter 7 bankruptcy you most likely have nothing to fear and meeting several Michigan Bankruptcy Attorneys will help you sort through your questions and concerns.
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