Chapter 13 Bankruptcy Exemptions

Exemptions in Chapter 13 Bankruptcy

In Chapter 13 bankruptcy, you can keep all of your property. However, you'll have to pay the value of any nonexempt property through your Chapter 13 repayment plan.

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

Bankruptcy exemptions determine what you get to keep during and after bankruptcy, including your home, car, retirement account, or personal belongings. But you'll have to comply with exemption rules. Find out which state exemption laws will apply in your bankruptcy case, or whether you can choose the federal bankruptcy exemptions instead.

How to Use the Wildcard Exemption in Bankruptcy

The wildcard exemption in Chapter 7 and 13 bankruptcy provides a way to protect more of your assets from liquidation during bankruptcy. This particular exemption allows you to protect property that is not normally covered under other exemptions. Here's how the wildcard exemption works.

Is Your Pension and 401(k) Exempt in Bankruptcy?

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

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 bankruptcy.