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An experienced West Palm Beach bankruptcy attorney can help you determine whether you pass the means test and can then file a chapter 7 bankruptcy. Exemptions (under Florida law) The bankruptcy code allows each individual who files bankruptcy to keep basic assets deemed necessary for the debtor’s "fresh start" after bankruptcy.
Filing for Bankruptcy: What Can You Protect? On behalf of The Dayton Law Firm, P.C. posted in Blog Posts on Monday, January 24, 2011. With 1.6 million Americans expected to file for Bankruptcy this year, we know that at least these 1.6 million and very likely many more researching the bankruptcy option have been asking the same basic questions.
· Filing for Bankruptcy: What Can You Protect? With 1.6 million Americans expected to file for Bankruptcy this year, we know that at least these 1.6 million and very likely many more researching the bankruptcy option have been asking the same basic questions.
The Homestead Exemption in Bankruptcy. Exemptions are what allow you to keep a certain amount of property in Chapter 7 bankruptcy. But how much property you can protect depends on the exemption laws of your state. Most states have a homestead exemption specifically designed to protect a certain amount of equity in your principal residence.
If you’re dealing with a tenant bankruptcy matter and want to know more, it’s best to get in touch with a local landlord-tenant attorney who can answer any questions you may have and help guide you through the eviction process.
In an attempt to protect their. October 15 Ch.11 bankruptcy filing are subject to the reclamation demand. As expected, Sears has just ignored these demands and because of the lack of teeth in laws,
· If you’re facing a lawsuit from a creditor, and don’t have the financial ability to satisfy the debt, bankruptcy can protect you from having to pay off the debt. Through bankruptcy, you avoid liability on most debts. In the world of consumer bankruptcy, you have two options. You can either file for protection under Chapter 7 or Chapter 13.
Filing for bankruptcy is complicated and the information provided here is not exhaustive. You can learn more about what bankruptcy can do for you by speaking with a local bankruptcy lawyer, or, for a more in-depth explanation of both Chapter 7 and chapter 13 bankruptcy, see The New Bankruptcy by Attorney Cara O’Neill.