• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.

Getting The Most From Your Bankruptcy Exemptions

Bankruptcy exemptions are a wonderful thing. In the U.S. Bankruptcy code, you are afforded bankruptcy exemptions that allow you to protect your property when filing for bankruptcy. Because they play such an important role, finding an experienced bankruptcy attorney is a crucial step in helping you determine which property you get to keep. A bankruptcy lawyer will also be familiar with the many types of exemptions that you can invoke and help you pick the best possible form of bankruptcy and exemptions that allow you to keep the maximum among of property while getting the debt relief you need.

Exemptions in Bankruptcy

In determining how much property you will be able to keep during the course of a Chapter 7 bankruptcy, it largely depends on the type of property you own, it’s fair market value, and which exemptions that you use. There are different types of exemptions you may have at your disposal.

Exemptions in Chapter 7 vs. Chapter 13

If you file Chapter 7 bankruptcy, the statutory exemptions will determine what property you get to keep. The vast majority of my Chapter 7 clients keep all their property. In Chapter 13 bankruptcy, exemptions play a role in deciding how much you will have to pay back to your unsecured creditors. Since there is no liquidation of assets in a Chapter 13 bankruptcy, you will be able to keep all your property irrespective of the statutory exemptions.

Planning Your Exemptions

The area where I see pro se bankruptcy petitioners get tripped up the most is with exemptions. There are many considerations to take into account and these considerations become more important as the value of your assets increase. If you want to get the most of your exemptions, be sure to enlist the help of an Auburn bankruptcy attorney who knows all the nuances of U.S. bankruptcy laws and has experience with the bankruptcy court and bankruptcy trustees.

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