In Chapter 7, bankruptcy exemptions protect your property from being sold to pay your creditors. The purpose of bankruptcy is to give you a fresh start unburdened by debt you can’t repay. Exemptions acknowledge that you’ll need some property after your bankruptcy to make that fresh start a reality. Exemptions vary from state to state. They can protect a home, a vehicle, household furnishings, and many other categories of property up to a dollar limit. Reach out if you’d like an experienced bankr
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In Chapter 7, bankruptcy exemptions protect your property from being sold to pay your creditors. The purpose of bankruptcy is to give you a fresh start unburdened by debt
BottomLine Lawyers PC. . In Chapter 7, bankruptcy exemptions protect your property from being sold to pay your creditors. The purpose of bankruptcy is to give you a fresh start unburdened by debt you can’t repay. Exemptions acknowledge that you’ll need some property after your bankruptcy to make that fresh start a reality. Exemptions vary ...
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