Can you make an expensive purchase (like a car or house) while going through bankruptcy?

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At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.


Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.


In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

Can you make an expensive purchase (like a car or house) while going through bankruptcy?

Some people think when they file for bankruptcy they’re going to lose assets.

The purpose of bankruptcy is actually to keep your assets and lose your debt.

I am commonly asked, can I keep my car? Can I keep my apartment? Can I keep my home? The purpose of bankruptcy, and there are even exemptions to protect these assets, is for you to keep what you have and lose your debt.

So, not only can you keep your car, keep your home, and keep your apartment – you may be putting yourself in a financial position to get a new car, to rent a more desirable apartment, or maybe to upgrade your home at some point. Because now you have more disposable income. Because that money is no longer being earmarked towards credit cards or personal loans or delinquent medical bills.

Sadek Bankruptcy Law Offices Law is dedicated to providing bankruptcy solutions for people looking to handle their debt problems. We are proud to help hard-working people in Pennsylvania and New Jersey get out of debt. To schedule a free and confidential consultation online or in one of our many local offices, call us at 215-545-0008 or contact us online.

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