Pennsylvania Bankruptcy Information
Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Pennsylvaina? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Pennsylvania-specific information on filing for bankruptcy as well as articles on the various Pennsylvania bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
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Should I Use The Pennsylvania or Federal Bankruptcy Exemptions?
In the state of Pennsylvania, debtors who file for bankruptcy are given the choice between using the Pennsylvania bankruptcy exemptions and the federal bankruptcy exemptions.
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The Pennsylvania Homestead Exemption
In bankruptcy, a homestead exemption protects equity in your home. Here you’ll find specific information about the homestead exemption in Pennsylvania.
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The Pennsylvania Motor Vehicle Exemption in Bankruptcy
Pennsylvania does not have a motor vehicle exemption; however, if you file for Chapter 7 bankruptcy in Pennsylvania you can protect some equity in your car, truck, van, or other vehicle with Pennsylvania’s wildcard exemption.
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Can I keep lawsuit money if I file for bankruptcy in Pennsylvania?
When you file a Chapter 7 bankruptcy in Pennsylvania, you may have to turn over some or all of the money you receive (or may receive) from a lawsuit.
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