State Bankruptcy Exemptions
One of the schedules that will be filed by the individual debtor in a bankruptcy proceeding is a schedule of “exempt” property. Federal bankruptcy law provides that an individual debtor can protect some property from the claims of creditors either because it is exempt under federal bankruptcy law or because it is exempt under the laws of the debtor’s home state. Many states have taken advantage of a provision in the bankruptcy law that permits each state to adopt its own exemption law in place of the federal exemptions. In other jurisdictions, the individual debtor has the option of choosing between a federal package of exemptions or exemptions available under state law. Thus, whether certain property is exempt and may be kept by the debtor is often a question of state law.
Bankruptcy Law involves many complicated assessments of how debts are handled. The particular situation depends on which Chapter you are filing under, what the type of debt is, and what state you are filing in. RobertsMiceli LLP stands ready to assist you with competent legal counsel concerning all of these considerations.
Related Content
- Alabama Bankruptcy Exemptions
- Alaska Bankruptcy Exemptions
- Arizona Bankruptcy Exemptions
- Arkansas Bankruptcy Exemptions
- California Bankruptcy Exemptions
- Colorado Bankruptcy Exemptions
- Connecticut Bankruptcy Exemptions
- Delaware Bankruptcy Exemptions
- Florida Bankruptcy Exemptions
- Georgia Bankruptcy Exemptions
- Hawaii Bankruptcy Exemptions
- Idaho Bankruptcy Exemptions
- Illinois Bankruptcy Exemptions
- Indiana Bankruptcy Exemptions
- Iowa Bankruptcy Exemptions
- Kansas Bankruptcy Exemptions
- Kentucky Bankruptcy Exemptions
- Louisiana Bankruptcy Exemptions
- Maine Bankruptcy Exemptions
- Maryland Bankruptcy Exemptions
- Massachusetts Bankruptcy Exemptions
- Michigan Bankruptcy Exemptions
- Minnesota Bankruptcy Exemptions
- Mississippi Bankruptcy Exemptions
- Missouri Bankruptcy Exemptions
- Montana Bankruptcy Exemptions
- Nebraska Bankruptcy Exemptions
- Nevada Bankruptcy Exemptions
- New Hampshire Bankruptcy Exemptions
- New Jersey Bankruptcy Exemptions
- New Mexico Bankruptcy Exemptions
- New York Bankruptcy Exemptions
- North Carolina Exemptions
- North Dakota Bankruptcy Exemptions
- Ohio Bankruptcy Exemptions
- Oklahoma Bankruptcy Exemptions
- Oregon Bankruptcy Exemptions
- Pennsylvania Bankruptcy Exemptions
- Rhode Island Bankruptcy Exemptions
- South Carolina Bankruptcy Exemptions
- South Dakota Bankruptcy Exemptions
- Tennessee Bankruptcy Exemptions
- Texas Bankruptcy Exemptions
- Utah Bankruptcy Exemptions
- Vermont Bankruptcy Exemptions
- Virginia Bankruptcy Exemptions
- Washington Bankruptcy Exemptions
- West Virginia Bankruptcy Exemptions
- Wisconsin Bankruptcy Exemptions
- Wyoming Bankruptcy Exemptions
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Related Books
Bankruptcy Exemptions: Laws of the United States
E-Z Rules for the Bankruptcy Code
In all matters involving bankruptcy, it is essential that you properly document your financial matters and discuss your case with a competent bankruptcy attorney before your situation worsens. Call RobertsMiceli LLP now at or Click here to submit a simple case form. The initial consultation is free of charge, and if we agree to accept your case we will work for you at reasonable rates. Don’t let the harassing creditors and late bills delay you another day from fixing your financial situation!