Bankruptcy

Georgia Bankruptcy Exemption Laws

In 2009, many significant changes have been made in Georgia bankruptcy exemption laws. Though federal laws have also made a detailed provision regarding property exemptions under chapter 7, every state is allowed to have its own set of laws in this regard. Georgia has enacted completely different provisions for these cases. If your debts have become so huge that you are unable to repay the same, you may have to use bankruptcy as the last option. ...Read more>>

Federal Bankruptcy Exemptions Explained

Not all states allow you to use federal bankruptcy exemptions set. If you are living in a state that allows it, you can replace the state exemptions with the federal set of exemptions. In other states, where it is not allowed, you can only use federal supplemental exemptions in conjunction with the state exemptions. Following is a list of exemptions allowed as per federal laws. For federal supplemental exemptions, you can click here. ...Read more>>

Wisconsin Bankruptcy Exemptions

The state of Wisconsin allows you to replace the Wisconsin bankruptcy exemptions with the federal set of exemptions. However, the federal supplemental exemptions can be used only if you are using the state-specified exemptions. ...Read more>>

West Virginia Bankruptcy Exemptions

West Virginia bankruptcy exemptions are mandatory, which means there is no option to replace the same with federal set of exemptions. However, like in any other state, you are allowed to use the federal supplemental exemptions in conjunction with the state-specified exemptions. ...Read more>>

Washington Bankruptcy Exemptions

Federal bankruptcy exemptions can be used in Washington if you do not want to avail the Washington bankruptcy exemptions. However, federal supplemental exemptions can be used in conjunction with only state-specific exemptions. Therefore, you must first do a thorough comparison before making a final decision regarding this. ...Read more>>

Virginia Bankruptcy Exemptions

The provisions for Virginia bankruptcy exemptions do not allow you to replace the same with the federal set of exemptions. Your options are limited to using the state-specified exemptions only if you are getting bankrupt under chapter 7 of the bankruptcy code in the state of Virginia. ...Read more>>

Vermont Bankruptcy Exemption

If you do not like to use the Vermont bankruptcy exemptions, you have an option to replace the same with the federal set of exemptions. However, it is very important for you to keep in mind that the federal supplemental exemptions are available to only those debtors who use the exemptions offered by the state. ...Read more>>

Utah Bankruptcy Exemptions

As per the laws regarding Utah bankruptcy exemptions, you are not allowed to use the federal set of exemptions. When you file for bankruptcy under chapter 7 in the state of Utah, you are allowed to exempt certain properties up to certain extent, but you are obligated to follow the provisions made under the state laws only. You cannot get the properties exempted as per the federal standard. But, like any other state, Utah also allows you to have federal supplemental exemptions additionally. ...Read more>>

Texas Bankruptcy Exemptions

In this state, you have the option to choose either Texas bankruptcy exemptions or the federal set of exemptions. However, you will be able to use the federal supplemental exemptions only when you choose to go for the state-specified exemptions. Following is a brief rundown on what types of properties are exemptible and how much as per the Texas bankruptcy laws. ...Read more>>

Tennessee Bankruptcy Exemptions

Tennessee bankruptcy exemptions are also mandatory. It means the debtors in this state do not have an option to replace the state-specific exemptions with the federal set of exemptions. However, you can use the federal supplemental exemptions in addition to the exemptions offer under the Tennessee bankruptcy laws. ...Read more>>


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Payday Loan Debts and Debt Consolidation
Debt has been a constant companion for middle class people who earn just to live hand to mouth and devoid of any saving for rainy days. We have been trapped in this modern age by various financial constrains wh... Read more

What are the pros and cons of debt consolidation?