Bankruptcy Exemptions

Bankruptcy Exemptions: Your Property in Bankruptcy

Learn how to protect property in Chapters 7 and 13 using state and federal bankruptcy exemptions, and what will happen if the bankruptcy trustee or a creditor objects to an exemption claim.

Federal Bankruptcy Exemptions

Find out if your state allows you to use the federal bankruptcy exemptions in Chapters 7 and 13, and if so, the type and amount of property you can protect.

Your Home in Bankruptcy: The Homestead Exemption

Learn about an important bankruptcy exemption for homeowners -- the homestead exemption.

Wildcard Exemptions in Chapter 7 Bankruptcy

Bankruptcy exemptions protect property needed to work and live, but not much else. A wildcard exemption will protect property that a debtor usually wouldn't be able to keep in Chapter 7 bankruptcy.

Is My 401k Account Exempt or at Risk in Bankruptcy?

In most cases, your 401k and other retirement accounts are protected in bankruptcy.

Is the Cash in My Bank Accounts Exempt in Bankruptcy?

Because protecting cash, checking, savings, and investment accounts is difficult in bankruptcy, a trustee can quickly obtain them and distribute them to creditors. Learn what's required to keep money safe in Chapters 7 and 13.

Will I Lose Bank Account Funds if I File for Bankruptcy?

Find out if you can keep money you have in a savings or checking out when you file for Chapter 7 bankruptcy.