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Jaspers, Moriarty & Wetherille, P.A.
Seasoned Legal Judgment For The South Metro Area

December 2018 Archives

What's exempt from liquidation in Chapter 7 bankruptcy?

Filing for bankruptcy could have you feeling like you're in the middle of a 1980s "rags to riches and back to rags again" type of movie. We all remember the scene from Rocky when the banks came to collect all of the expensive luxury items he had in his home. The thing is, bankruptcy isn't like this for most people, and you'll probably be surprised by the property that is exempt from liquidation.

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