Often your car or truck is fully protected in bankruptcy through an exemption. But if it’s worth too much bankruptcy can still protect it. How Chapter 7 and Chapter 13 affect your vehicle and vehicle loan can determine which of these options you choose. That’s why we’ve focused the last several blog posts on the differences between these options. … Read More
There’s a lot more to using property exemptions than just matching them to your assets. There are benefits worth taking advantage of.
Usually you use the property exemptions available for the residents of your state. But not if you haven’t lived there long enough.
Whether you can keep other real estate depends first on whether it’s “exempt.”
Most pensions and other retirement funds are “exempt”–completely protected when you file bankruptcy. But there’s an exemption cap for IRAs.
Give both you, AND your assets, a fresh financial start.
Chapter 13 is not as cut-and-dried in protecting your refund. But generally you can use it for an urgent expense or for an urgent creditor.
One woman’s trip through the bankruptcy appeals process, with a total of 21 judges or justices giving her more than her day in court.
Our nation has a legal system that, in spite of its flaws, is generally transparent, rational, fair, and respected. Happy Birthday, U.S.A.!
One strategy to prevent the loss of asset value in bankruptcy is through very cautious conversion of unprotected assets into protected ones.
File under Chapter 7 if you don’t need lots of help keeping your vehicle. File under Chapter 13 if you do.
If you’re filing a “straight bankruptcy” case, how do you keep your income tax refund?
In deciding between Chapter 7 and 13, get this question out of the way right away: “Can I keep everything I own if I file a Chapter 7 case?”