Personal bankruptcy does not mean unconditional debt exemption, but a reorganization of bankruptcy to encourage the debtor to actively raise money to repay his/her debts.

Inherited IRAs. If you file for bankruptcy and have an inherited IRA, those funds can be taken by creditors. This is true even though retirement funds are often exempt in bankruptcy filings.

Overview of Bankruptcy Bankruptcy is a federal court process designed to assist consumers and businesses in eliminating their debts or repaying them under the protection of the bankruptcy court. ...

Chapter 7 is the liquidation or "clean slate" bankruptcy. With Chapter 7, you surrender "nonexempt" property to the court, and your unsecured debts are forgiven. You get to keep "exempt" property.

Texas lawmakers have reached a agreement to advance property tax relief, including a significant increase in the homestead exemption and business personal property exemption.

How does Chapter 7 bankruptcy affect my mortgage? When you file for Chapter 7 bankruptcy, you’ll sell some of your assets to satisfy your debt. This may include your house — but not always. In ...

Bankruptcy can help individuals and businesses get major debt relief. Here's what to know about the types of bankruptcy and some alternatives you can consider.

This proposition would raise the personal property tax exemption to $20,000. The current amount is $7,500. race called Source: Election results and race calls are from The Associated Press. By The ...