Posts made in April, 2015

FAQ – Bankruptcy Exemptions

Posted By on Apr 25, 2015

Q: What are Bankruptcy Exemptions? A: In a bankruptcy filing, there is a certain amount of personal property which is “exempt” or excluded from the bankruptcy estate. That means that the exempt property is not used to pay creditors. You keep all of that property. Unlike some other states which allow you to choose between state and federal exemptions, in Tennessee you can only use state exemptions. The limit in Tennessee is...

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