Legal Advice on Bankruptcy Exemption

To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. 101(41), 109(b). Subject to the... more

Bankruptcy

Move into your home. This is simple but you cannot protect your home as homestead if you are not living there, if it empty or if it rented out. So...just live there!

This guide will explain the different entries on Schedule B of a bankruptcy filing and also give you some insight into the types of property you need to disclose on Numbers 1-12 of Schedule B of the... more

If you are filing for chapter 7 bankruptcy protection, you are probably aware that bankruptcy law outlines a specific list of exempt property. This means that, as a chapter 7 bankruptcy debtor, you... more

Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $336,900 and secured debts... more

Gather all of your financial documentation including paystubs, tax returns, bills, contracts, collection letters, lawsuit papers, appraisals, tax notices, credit reports, mileage on vehicles,... more

Property Exemptions in Bankruptcy If you are thinking about filing bankruptcy, you should have a good understanding of what protection you can get for your property. The bankruptcy process offers... more

Yesterday I received a telephone call from a person who was looking into filing bankruptcy. She made it very clear from the get-go that price was the main concern when it came to choosing someone... more

Chapter 7 debtors are allowed to retain certain assets so long as their equity does not exceed certain values. If the asset does exceed the protected value (called exemptions), the trustee will... more