Sure belongings and assets may very well be exempt with the bankruptcy course of action, nonetheless it varies by point out and personal circumstances. Bankruptcy is essentially a qualification system. The rules offer Recommendations for completing a fifty- to 60-web site bankruptcy pet

Your debt may even be secured if a creditor data a lien towards your residence, such as a tax or judgment lien. In some instances, these kinds of just like a judgment lien, you may remove the lien in Chapter seven bankruptcy. Nevertheless it isn't feasible. By filing for Chapter 13