Exemptions In Bankruptcy

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 nervous about it? Probably not, especially if your bankruptcy lawyer knows what he or she is doing.

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.