What debts from my divorce are dischargeable in a bankruptcy?
June 22, 2017
What are exempt assets?
June 22, 2017
Show all

What are exempt assets in a bankruptcy proceeding?

Our Professional Answer:

In a bankruptcy, you have exemptions. Exemptions are stuff that you get to keep that are not part of the bankruptcy and can’t be sold, that could be your car, your home, your furniture, your clothing, your personal property. Each state has specific exemptions so ask your bankruptcy attorney to explain them to you thoroughly.