this post was submitted on 07 Apr 2024
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[–] [email protected] 13 points 5 months ago (1 children)

Wait... they let you keep whatever you need?

[–] [email protected] 8 points 5 months ago (2 children)

They can't take your primary residence, or your primary means of transportation.

[–] [email protected] 4 points 5 months ago (1 children)

So they can't require you to move out of a palace and into something more modest?

[–] [email protected] 2 points 5 months ago

IDK how that shakes out. I just know the basics because someone I know filed bankruptcy years ago.

[–] [email protected] 4 points 5 months ago

They also might allow you to keep stuff you need to generate income. The idea is that generating income and paying part of that is better in the long term than a one off sale.