Re: Exempt Assests
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Posted by JKR
(66.91.144.122) on July 21, 2004 at 14:02:24:
In Reply to: Exempt Assests posted by sandy on July 21, 2004 at 13:14:33:
When you file bankruptcy, state and federal law allows you to keep certain property up to a specific dollar amount. There is also the "wild card" exemption which is an amount that you can apply to any other property you want to keep - I think the amount is $8,500 this year. If you are in a certain occupation you may be able to exmpt your tools of trade.
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