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In most places a car, as in one single car, is usually exempt from bankruptcy to allow one to travel to work, school and family errands. More than one car would not be allowed, unless there were two people working that needed to get to work. The car has to be reasonable... a particularly valuable one won't qualify. And of course, if it is financed, the debt won't be excused to just leave you the car.
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Are the stimulus checks exempt from the bankruptcy courts?
No...
Is it possible to exempt a tax refund in chapter 7 bankruptcy?
You can't "exempt" anything.
Is a living trust EXEMPT FROM BANKRUPTCY?
Sometimes, parts of a living trust can be exempt from bankruptcy such as exemptions for a homestead, but even that isn't always the case. How a living trust is treated in a bankruptcy varies depending on how the laws of the state treat this type of trust as a whole. Typically though, living trusts are not fully exempt from bankruptcy.
Section 522b of the US bankruptcy code Need to know if 401K is exempt of a petition of bankruptcy 7?
Generally, but the extent to which funds will be exempt depends on your jurisdiction. Check your local state bankruptcy exemptions.
Is there a bankruptcy estate if every asset is exempt?
Yes
If ss disability payments are exempt from a bankruptcy why would your disposable income change if the only added income was from the ss?
Is VA Disability income exempt from bankruptcy income claim?
Can you file bakrupcy on a civil judgment?
No, they are exempt from the bankruptcy laws.
Are annuities exempt in chapter 7 bankruptcy in Florida?
yes
What happens to 401k savings after bankruptcy?
Nothing they are exempt form seizure.
Can they take your car through a bankruptcy when you still owe on the car?
Bankruptcy covers all you property and all your debt. Some places allow 1 car as exempt from the sale of property, but not all. You need to check your local rules and ask it be exempt at your bankruptcy hearing.
When you go bankruptcy do you have to put up your house for collatoral?
In most cases you will not lose your home during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in chapter 13.
Are series ee savings bonds exempt when filing chaper 7 bankruptcy?
As they are issued by the government, yes, the are exempt from Chapter 7.
