In a straight bankruptcy,you

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In a straight bankruptcy (also known as a Chapter 7 bankruptcy), you may be able to maintain some equity interests in certain personal assets, such as your house and car. However, you will likely have to give up some of your assets in order to pay off your creditors. You also typically do not have to make monthly interest payments, but rather must repay some or all of the outstanding debt through the liquidation of assets. It is important to note that eligibility requirements, exemptions, and other specifics of the bankruptcy process may vary by state and jurisdiction.

In a Straight Bankruptcy,you