If you file for Chapter 7 bankruptcy in Illinois, you can protect some or all of your property with Illinois’ bankruptcy exemptions. The bankruptcy exemptions in Illinois also play a role in Chapter 13 bankruptcy.
If you are filing for Chapter 7 or Chapter 13 bankruptcy in Texas, the Texas bankruptcy exemptions can help you keep property (in Chapter 7) or pay less to unsecured creditors (in Chapter 13). Read on to learn the types of property that are covered by the Texas exemption laws.
In Chapter 13 bankruptcy, you are required to pay all of your disposable income into your repayment plan. But if you would like to contribute to your 401k or other retirement account during your Chapter 13 case (these are called postpetition contributions), can you deduct the contributions when calculating
If you file for bankruptcy in New York, the New York motor vehicle exemption protects up to $4,425 in car equity, double that for married couples filing jointly, and $11,025 if your vehicle is equipped to accommodate a disability.
Nevada motor vehicle exemption allows you to protect $15,000 of equity in your car, truck, van, or other vehicle if you file for Chapter 7 bankruptcy; more if you are married and filing jointly or if your car is equipped for a disability.
If you live in Washington D.C. and want to file for Chapter 7 or Chapter 13 bankruptcy, there are a number of steps you must take to get your case going. For example, you must participate in credit counseling before you file, complete the bankruptcy petition and other required forms, and file those forms