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. ...

Some property exempt under bankruptcy law Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X X ...

When filing for bankruptcy, it is best to over-disclose to avoid the risk of unintentionally hiding assets. Assets that require disclosure fall into three main categories: personal property, real ...

Anthony Dick is a recent graduate of Stanford Law School. In Schwab v.Reilly (08-538), the Court considered how to construe an ambiguous claim for the exemption of assets in personal bankruptcy under ...

Personal Bankruptcy, The Basics. January 6, 2014 / 3:00 AM PST / KCAL News ... A trustee will be appointed by the court system to take over non-exempt property and administer its sale.

The amount and type of property that consumers can claim upon filing bankruptcy has been the subject of intense debate for many years, with the hue and cry reaching a crescendo in Congress since ...

Some personal property is exempt from liquidation in a Chapter 7 bankruptcy, though there are limits on the value of the exemption. Examples include: Homestead ...

Bankruptcy is a legal process that can eliminate unsecured debt or establish a repayment plan for a portion or all of a consumer's debts.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant ...