Category Archives: Exemptions

You think I’m kidding, right? No one with a big pile of cash needs to file for bankruptcy, right? Well, not so fast. Just one example is very topical now, around April 15th; some folks are getting big tax refunds. Not big enough to pay off all the debts, mind you, but big enough that […]

“It takes money to make money,” goes the old saying. For many people, making a living requires specialized equipment as well. Can’t imagine a dentist without a drill! Fortunately laws have recognized for decades that debtors should not be stripped of the very tools they need to make the money needed to survive. As a […]

Following up on the idea that most people don’t lose their property when they file for bankruptcy, lets take a quick look at a situation that occurs over and over again in consumer bankruptcies — debtors who own jewelry. That would, of course, cover just about everyone, as it is rare to find a person  who […]

One of the most stubborn myths about filing bankruptcy is that debtors lose everything they have by doing so. In the real world, most debtors don’t lose a thing! Massachusetts, New Hampshire, as well as all the other states and the federal government have enacted lists of property that an individual may keep after filing […]