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How Do Bankruptcy Exemptions Protect My Property?

Most people believe if they file for bankruptcy they will be able to keep their property without question. This is not entirely accurate and there are several steps that must be taken during your case if you want to hang on to your stuff. For instance, you are not allowed

What Are Bankruptcy Exemptions And How Do They Work?

Anyone who files bankruptcy is allowed to exempt certain property they own, and take steps to hang on to that property even though a bankruptcy case is pending. In order to take advantage of this law, you have to note what property you claim to be exempt. The Bankruptcy Code