News Topic: Exemptions In Bankruptcy

Did you ever wonder if you will lose your property if you file bankruptcy?  Can you keep your home, your car, your household goods?  What about your clothes and jewelry? ... Read full article

It doesn’t happen very often, but sometimes a client who needs to file bankruptcy is also in line to receive an inheritance.  Like a lot of things, what will happen to that inheritance in a bankruptcy case depends on the timing. ... Read full article

The doctrine of judicial estoppel reared its ugly head again, preventing a chapter 13 debtor from suing his former employer for racial discrimination.  The U.S. Court of Appeals, Eighth Circuit, ruled that a chapter 13 debtor should have amended his ... Read full article

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The scariest part of filing bankruptcy is losing property that one should not have lost. It doesn’t happen often or to many people, but everyone needs to know how to protect property. Everyone who files bankruptcy gets to exempt a certain amount of stuff, ... Read full article

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Your house – the place where you have lived in the past and plan to live in again – may not be your residence when you file a bankruptcy petition . Does it matter? In several ways it might matter a great deal. It may be that when you filed your bankruptcy ... Read full article

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After you file a bankruptcy case, you are required to attend a meeting of creditors .  This is scheduled for about a month after your petition is filed, and is usually the only appearance you will need to make during the bankruptcy process. Should you be ... Read full article

There are two main federal bankruptcy exemptions for “unmatured” insurance contracts, 11 U.S.C. § 522(d)(7) and (d)(8) : ... Read full article

Exemptions are the laws that tell us how much property you can protect in the bankruptcy process.  Recently those laws have been improved for Missouri and former Missouri filers. ... Read full article

The Massachusetts laws protecting cash value life insurance might as well be written in Middle English.  They simply cannot be understood by any except the most persistent of us.  Lucky for us, some recent court decisions help us find our way.  ... Read full article

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