What Are Exemptions Under the Bankruptcy Code?

The Bankruptcy Code allows you to claim certain exemptions to protect your property when you file for bankruptcy. Each state has different exemptions and in Florida we have two exemptions.Bankruptcy Code

Many pro’s say that bankruptcy filers fail to select the right exemption or properly apply them. As a result, their property can be seized or liquidated by the trustee and you don’t want that to happen!

One of the many reasons to hire an experience bankruptcy attorney to make sure that all the exemptions available to you are claimed. Why? That will maximize the protection of your property so that your creditors and the trustees can’t take your property improperly.

Properly applying the exemptions may save significant money and you owe it to yourself to speak with an experienced attorney so that you get all the exemptions you are eligible for when you file for bankruptcy.

 

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