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What happens to my real property and other assets after filing Chapter 13?

Once the Chapter 13 bankruptcy is filed, all of the property of the debtor at the time of the filing and certain other property to be received in the future, becomes the property of the bankruptcy estate. This means that the bankruptcy trustee will take control of all non-exempt property for purposes of satisfying the creditors. However, once the Chapter 13 Plan is confirmed [approved by the court], control over all of your property, except for future wages, will be returned to you.

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Contact Baltimore Chapter 13 Bankruptcy Attorney