Exemptions

Is Your Pension Exempt in Bankruptcy?

If you have a pension and you file for Chapter 7 bankruptcy, you can probably exempt at least some of your pension and protect it from the bankr...

Tools of the Trade Exemption in Bankruptcy

If you own tools or other assets necessary for your business or trade, you may be able to protect them in bankruptcy with the tools of the trade ...

Choosing Between State and Federal Bankruptcy Exemptions

Your decision to use federal or state bankruptcy exemptions can determine how much property you are able to protect and keep in bankruptcy.

Is My Jewelry Exempt in Bankruptcy?

Whether you can keep your jewelry in bankruptcy depends on whether you are filing a Chapter 13 or Chapter 7 case, and the exemptions that are avai...

Are My Clothes Exempt in Bankruptcy?

Usually, your clothing is protected when you file bankruptcy. Most states have exemptions that either specifically protect your clothing, up to a ...

What Is Equity in Property?

Equity in property is the difference between the fair market value of the property and the amount you owe on any loans or liens associated with th...

Can You Keep Your Retirement Accounts in Bankruptcy?

Under most circumstances, you can keep your retirement accounts, such as 401ks and IRAs, if you file for Chapter 7 bankruptcy. However, for some ...

Are Household Goods and Furniture Exempt in Bankruptcy?

In most cases, you can use state or federal exemptions to keep most or all of your household goods and furniture when you file for Chapter 7 ban...

Florida Bankruptcy & the Homestead Exemption

If you are a homeowner in Florida and you are considering filing for bankruptcy, the generous Florida exemption laws may allow you to keep all of the ...

Bankruptcy Exemptions: Which State Exemption System Can You Use?

Determining which state bankruptcy exemptions you can use if you file for Chapter 7 or Chapter 13 bankruptcy is a key component of your bankruptcy...

Standard Property Exemptions in Bankruptcy

Most people considering Chapter 7 bankruptcy want to know what they will be able to keep if they file for bankruptcy. For the most part, what you ...

401(k) Retirement Accounts and Bankruptcy

If you file for Chapter 7 or Chapter 13 bankruptcy, what happens to your 401(k) account? For the most part, your 401(k) and other qualified retire...

Chapter 7 Homestead Exemption

If you file for Chapter 7 bankruptcy, whether you can keep your home depends, in large part, on your state's homestead exemption.

How to Use the Wildcard Exemption in Bankruptcy

The wildcard exemption in Chapter 7 bankruptcy provides a way to protect more of your assets from liquidation during bankruptcy. This particular exemp...

Is Jewelry Exempt in Bankruptcy?

You may choose from state or federal jewelry bankruptcy exemptions under Chapter 7 bankruptcy depending on your state laws. If your state jewelry ex...

How California Exemption System 1 Differs From System 2

California allows debtors to choose from two different sets of bankruptcy exemption schemes. They are informally called System 1 and System 2. Belo...

Will I Lose My Checking or Savings Account if I File Bankruptcy?

If you file for Chapter 7 bankruptcy, will you be able to keep your savings, checking, or other bank accounts? The answer depends on what you mean by...

What are the Consequences of Going Bankrupt?

When Can Chapter 13 be Converted to Chapter 7?

When you file for Chapter 13 bankruptcy, you enter into a repayment plan to pay back some or all of your debts over three to five years. You don't los...

How are Utility Bills Treated in Bankruptcy?

If you are behind in your utility payments and file for bankruptcy, you can discharge the outstanding bills in Chapter 7 bankruptcy and repay outstand...

Schedule B in Bankruptcy: Should I Keep Important Property Off?

When you file bankruptcy, on Schedule B, you are required to list all of your personal property (everything except real estate).

Exemptions in Chapter 13 Bankruptcy

In Chapter 13 bankruptcy, exemptions determine, in part, how much you will have to pay to your nonpriority, unsecured creditors through your Chapter...

Assets Exempt From Bankruptcy In Massachusetts

Over time, state bankruptcy regulations have made the property exemptions available to people trying to get personal bankruptcy protection. Howeve...

Legal Advice on Bankruptcy Exemptions

During a Chapter 7 bankruptcy you'll be able to get rid of most your debts. Nevertheless, you might end up being forced to liquidate (Sell) some per...

How to Keep Your Property During Bankruptcy

During a bankruptcy, properties owned by the debtor are seized by the bankruptcy court so they can be liquidated to repay the debts you owe. This is...

What Happens to Investment Real Estate in Bankruptcy?

If you own property that you don't use as a residence, you might lose it if you file for Chapter 7 bankruptcy.

What Happens to Personal Property in Chapter 7 Bankruptcy?

When filing for Chapter 7 bankruptcy, many debtors are able to keep most or all of their personal property. What you are allowed to keep depends on wh...

Keeping a Non-Financed Used Car in Chapter 7 Bankruptcy

If you don't have a car loan, keeping your car in Chapter 7 bankruptcy depends largely on how much the car is worth and the amount of the exemption yo...

Will I Lose All My Property If I File for Bankruptcy?

What happens to your property in bankruptcy depends on whether you file under Chapter 7 or Chapter 13. In Chapter 13, you get to keep all of your prop...

How to File Bankruptcy Without Losing a Car

Whether you can keep your car in bankruptcy depends on the answers to these three questions

How to File Bankruptcy and Keep Your Car

Bankruptcy Exemptions – What Do I Keep When I File For Bankruptcy?

Bankruptcy exemptions determine what you get to keep during and after bankruptcy -- whether it be your home, car, retirement account, or personal belo...

Bankruptcy Bill Protects Farmers

Filing for Bankruptcy in Maine

Bankruptcy is governed by federal law, so the process to file for Chapter 7 bankruptcy or to file for Chapter 13 bankruptcy is nearly identical in e...

Wyoming Bankruptcy Exemptions

Like all states, Wyoming has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

Wisconsin Bankruptcy Exemptions

Like all states, Wisconsin has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine wha...

West Virginia Bankruptcy Exemptions

Like all states, West Virginia has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine...

Washington Bankruptcy Exemptions

Like all states, Washington has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine wh...

Virginia Bankruptcy Exemptions

Like all states, Virginia has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Vermont Bankruptcy Exemptions

Like all states, Vermont has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

Utah Bankruptcy Exemptions

Like all states, Utah has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what pro...

Texas Bankruptcy Exemptions

Like all states, Texas has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what pr...

Tennessee Bankruptcy Exemptions

Like all states, Tennessee has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine wha...

South Dakota Bankruptcy Exemptions

Like all states, South Dakota has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine ...

South Carolina Bankruptcy Exemptions

Like all states, South Carolina has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determin...

Rhode Island Bankruptcy Exemptions

Like all states, Rhode Island has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine ...

Pennsylvania Bankruptcy Exemptions

Like all states, Pennsylvania has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine ...

Oregon Bankruptcy Exemptions

Like all states, Oregon has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what p...

Oklahoma Bankruptcy Exemptions

Like all states, Oklahoma has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Ohio Bankruptcy Exemptions

Like all states, Ohio has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what p...

North Dakota Bankruptcy Exemptions

Like all states, North Dakota has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine ...

North Carolina Bankruptcy Exemptions

Like all states, North Carolina has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determin...

New York Bankruptcy Exemptions

Like all states, New York has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

New Mexico Bankruptcy Exemptions

Like all states, New Mexico has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine wh...

New Jersey Bankruptcy Exemptions

Like all states, New Jersey has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine wh...

New Hampshire Bankruptcy Exemptions

Like all states, New Hampshire has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine...

Nevada Bankruptcy Exemptions

Like all states, Nevada has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Nebraska Bankruptcy Exemptions

Like all states, Nebraska has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Montana Bankruptcy Exemptions

Like all states, Montana has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

Missouri Bankruptcy Exemptions

Like all states, Missouri has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Mississippi Bankruptcy Exemptions

Like all states, Mississippi has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine...

Minnesota Bankruptcy Exemptions

Like all states, Minnesota has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine wha...

Michigan Bankruptcy Exemptions

Like all states, Michigan has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Massachusetts Bankruptcy Exemptions

Like all states, Massachusetts has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine...

Maryland Bankruptcy Exemptions

Like all states, Maryland has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Maine Bankruptcy Exemptions

Like all states, Maine has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what pr...

Louisiana Bankruptcy Exemptions

Like all states, Louisiana has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine wha...

Kentucky Bankruptcy Exemptions

Like all states, Kentucky has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Kansas Bankruptcy Exemptions

Like all states, Kansas has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what p...

Iowa Bankruptcy Exemptions

Like all states, Iowa has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what pro...

Indiana Bankruptcy Exemptions

Like all states, Indiana has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

Illinois Bankruptcy Exemptions

Like all states, Illinois has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Idaho Bankruptcy Exemptions

Like all states, Idaho has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what pr...

Hawaii Bankruptcy Exemptions

Like all states, Hawaii has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what p...

Georgia Bankruptcy Exemptions

Like all states, Georgia has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

Florida Bankruptcy Exemptions

Florida has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what property (such as...

Federal Nonbankruptcy Exemptions

The federal nonbankruptcy exemptions are a list of exemptions available to bankruptcy filers using their state exemptions. Here are the current amount...

Federal Bankruptcy Exemptions

States that allow Federal Bankruptcy Exemptions are:

District of Columbia Bankruptcy Exemptions

The District of Columbia has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

Delaware Bankruptcy Exemptions

Like all states, Delaware has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Connecticut Bankruptcy Exemptions

This list of exemptions updated December 2009. All law references are to Connecticut General Statutes unless otherwise noted. Federal Bankruptcy Exe...

Colorado Bankruptcy Exemptions

Like all states, Colorado has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

California Bankruptcy Exemptions

California is unique among the states in that it has two different sets of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankru...

Arkansas Bankruptcy Exemptions

Like all states, Arkansas has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what...

Arizona Bankruptcy Exemptions

Like all states, Arizona has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

Alaska Bankruptcy Exemptions

Like all states, Alaska has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what p...

Alabama Bankruptcy Exemptions

Like all states, Alabama has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what ...

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