Consumer Bankruptcy Exemptions

Consumer bankruptcy is a process to reduce or eliminate personal as opposed to business debts. Consumer bankruptcies can be filed under either Chapter 7 or Chapter 13 of the bankruptcy code.  Debtors are... more +
Consumer bankruptcy is a process to reduce or eliminate personal as opposed to business debts. Consumer bankruptcies can be filed under either Chapter 7 or Chapter 13 of the bankruptcy code.  Debtors are eligible for Chapter 7 or Chapter 13 depending on the nature of their debts and assets. less -
News & Analysis as of

Exempting An Annuity In A Chapter 7 Case (Silliman v. Cassell)

A previous blog published in August 2013 re-visited the important role of exemptions in a Chapter 7 case of shielding certain property from the trustee and creditors so that the property (in this case, the stream of income...more

Bankruptcy Exemptions, Friday the 13th, and Keeping Your iPad

Friday the 13th, 2013 is a good day in bankruptcy for people in Arizona. This is the day that the new and improved exemption laws go into effect. Why should you care? If you are needing to file bankruptcy and live in the...more

Motor Vehicle Exemption in Georgia Has Increased to $5,000

Effective July 1, 2013 the Motor Vehicle Exemption increased from $3,500 to $5,000. This provides additional “wiggle-room” in determining whether you can keep your motor vehicle(s) when you file Chapter 7....more

Do I need bankruptcy to protect my money and other stuff from creditors?

In California, since you get exemptions to protect some of your money and property from creditors if they sue you, do you need to file bankruptcy to protect your money and property?...more

9th Circuit Allows Certain Consensual Liens to Be Avoided In Chapter 7 Bankruptcy; Still, the Devil Is In the Details

In 2010, a realtor in bankruptcy sought to avoid a consensual nonpurchase money lien she gave in her Mercedes Benz in exchange for a $22,000 loan because, in her words, that luxury automobile was “intrinsically ...more

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