Talk to a qualified bankruptcy attorney in your area to have all
the available bankruptcy exemptions explained to you.
Not exact matches
Because of the
exemptions available in Wisconsin, a
bankruptcy filer can keep the house as long as he / she has less than $ 75,000 of equity in the house ($ 150,000 for a married couple).
Citing a long line of cases that include tax refunds as part of the
bankruptcy estate, the court found the debtor's argument unpersuasive and ordered that he turn over the funds minus approximately $ 10,000 he had
available in unused
exemptions.
You'll need to consult state law or search National
Bankruptcy Forum's Consumer Laws by State section for the list of specific
exemptions available to you.
In a chapter 7 case, the
bankruptcy court appoints a trustee to examine the debtor's assets to determine if there are any assets not protected by
available «
exemptions».
Depending on the
exemptions available to you, you may be able to retain all of your assets in a Chapter 7
bankruptcy.
Prior to filing, Attorney Williams will conduct a liquidation analysis to ensure that your assets will be protected by the
exemptions that are
available to you under the
bankruptcy laws.