With a Chapter 13, you won't. Most states have bankruptcy exemptions that allow individuals to keep their home and car in a Chapter 7 bankruptcy. That said, it should help your case to make a ...
Bankruptcy proceedings can give you some much-needed breathing room, but they also come with serious financial ramifications ...
Chapter 7 bankruptcy may allow you to exempt your vehicle if its value is under the exemption limit. The federal bankruptcy exemption limit is $4,450 until 2025, but it can vary by state.
Yellow appears to have settled litigation that could have been a significant roadblock in the company's bankruptcy case.
At the time of writing, the federal bankruptcy exemption for IRAs is $1,512,350. The short answer? It depends. As Cara O’Neill, an Attorney, notes on NOLO, several factors determine whether your ...
However, Chapter 7 allows you to protect certain assets by filing an exemption with the bankruptcy court. Generally, protected assets are those you need to live, like your home, car, and ...
This law increases the exemption limit on motor vehicles for individuals filing for bankruptcy, offering a critical lifeline to families attempting to retain their primary mode of transportation.
However, all of this assumes that your home isn’t exempt from Chapter 7 bankruptcy. Exemptions are generally based on the amount of equity you have in your home, and the limits — expressed as ...