Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Each State gets to determine how much property a person can keep when they file bankruptcy in that State. Property that one can protect is called "exempt" property. Some States make their own exemptions, and other States let you use the federal exemptions. Still others let you use both.
To see how much equity in real estate and personal property (such as cars) you can protect in your State, click HERE and select your State on the pulldown menu.
I hope this helps and a positive feedback is always appreciated if this was useful to you.
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