Bankruptcy Exemptions that Apply to Chapter 7 Bankruptcy
Bankruptcy Exemptions that Apply to Chapter 7 Bankruptcy
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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.
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The Motor Vehicle Exemption in Chapter 7 Bankruptcy
If you file for Chapter 7 bankruptcy, you will most likely be able to protect or “exempt” some equity in your car, van, truck, or motorcycle using the motor vehicle exemption. If you can exempt enough equity, you’ll likely be able to keep your car.
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If you file for Chapter 7 bankruptcy, whether you can keep your home depends, in large part, on your state's homestead exemption.