Salem and Haverhill Cars and Property Exemptions Lawyers
Bankruptcy isn’t intended to be a punishment for accumulating debt. To the contrary, bankruptcy is a constitutionally-protected debt relief option designed to help people get out from under their debt and move on with their lives.Certain property is exempt from creditor action in both Chapter 7 and Chapter 13 bankruptcy. While property exemptions vary from person to person and case to case, many debtors find that they are able to keep most of their personal property when filing bankruptcy.
At the Law Offices of Kenneth E. Lindauer, we have been representing clients in bankruptcy matters since 1976. We are familiar with both federal exemptions and exemptions for the Commonwealth of Massachusetts. To learn more about exempt property in bankruptcy in a free consultation, contact us today.
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What Property Can I Keep?
Both the Bankruptcy Code and state laws and federal laws apply to bankruptcy exemptions. Our firm can help you explore your options for keeping virtually any type of property:
- Homestead exemption — This exemption protects up to $500,000 in home equity for the primary residence.
- Exemptions for cars
- Exemptions for retirement accounts
- Exemptions for “tools of the trade” that allow you to fulfill your job duties
- Exemptions for other personal property
We understand the differences in state and federal laws that apply to bankruptcy exemptions, and can come up with a plan that will put you in the most favorable financial situation possible following bankruptcy.
Contact a Haverhill Repossession and Bankruptcy Exempt Property Law Firm
To learn more about bankruptcy exemptions and ways to keep your property in bankruptcy, contact an attorney today. Call 978-219-7002 or toll free at 978-306-5011. We represent bankruptcy clients in Massachusetts and southern New Hampshire.
Attorney Kenneth Lindauer is a “debt relief agent” as defined by the United States Bankruptcy Code. Under the law a “debt relief agent” is a person who provides bankruptcy assistance to consumers.