When you file for bankruptcy there are a lot of intricate laws and codes that you must pay attention to.
It is always better to obtain advice from a lawyer to help you wade through all the complications.
However, when you file for bankruptcy and depending on what type is filed, there are some exemptions as to what you must liquidate under the law.
Bankruptcy Exemptions Can Change By State And Country
These exemptions change from state to state so it is important that you find the exemption codes for your state. There are a few guidelines that most states follow and the exact details of the amounts of the equity that you are allowed to have in these assets is the variable between states. Continue reading