Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Although the Bankruptcy Code requires submitting the last income tax return, it is the custom of many Bankrutpcy trustees to ask for tax returns for the 2 years before filing. But again, these do not have to be submitted until after you file.
Here are the NY state Bankrutpcy exemptions:
Here are the federal exemptions:
A NY state Bankruptcy filer can choose either set of exemptions, but must stick with the set that is chosen - you cannot choose some from one and some from another.
In general, if the is no home to protect, the federal statutes provide more protection (dollarwise).
In NY it is against the law for any creditor to freeze any bank account that has less than $1760 in it. So to be safe, it is a good idea to make sure there are no accounts with more than that amount.