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  2. Exempt property - Wikipedia

    en.wikipedia.org/wiki/Exempt_property

    Exempt property calculations and provisions are determined on a state-by-state basis. This is important within the bankruptcy process, and may affect an individual's decision to file Chapter 7 or Chapter 13 bankruptcy. State exemptions vary from strict to generous.

  3. How Does Bankruptcy Affect Your HELOC? - AOL

    www.aol.com/finance/does-bankruptcy-affect-heloc...

    Most states have homestead exemptions, which protects a portion of your home’s equity from creditors and other liens or claims in case of bankruptcy. However, the dollar amount of the exemption ...

  4. Bankruptcy Abuse Prevention and Consumer Protection Act

    en.wikipedia.org/wiki/Bankruptcy_Abuse...

    Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...

  5. What happens to my car when I file for bankruptcy? - AOL

    www.aol.com/finance/happens-car-file-bankruptcy...

    Chapter 7 bankruptcy may allow you to exempt your vehicle if its value is under the exemption limit. The federal bankruptcy exemption limit is $4,450 until 2025, but it can vary by state.

  6. Bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy

    A Bankruptcy Exemption defines the property a debtor may retain and preserve through bankruptcy. Certain real and personal property can be exempted on "Schedule C" [42] of a debtor's bankruptcy forms, and effectively be taken outside the debtor's bankruptcy estate. Bankruptcy exemptions are available only to individuals filing bankruptcy. [43]

  7. Which debts can’t be discharged in bankruptcy? - AOL

    www.aol.com/finance/debts-t-discharged...

    Depending on the type of bankruptcy you pursue, many of your outstanding debts will be addressed through a payment plan or paid off through liquidation of non-exempt assets. Filing for bankruptcy ...

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