Bankruptcy exemptions determine what property you can keep, so knowing these limits is crucial before you file.

In a Chapter 7 bankruptcy, creditors can seize certain assets to repay the debts you owe. However, exceptions allow debtors to retain some of their assets (or at least part of the asset’s value).

A debtor's non-exempt assets (and even the debtor's entire business) are commonly sold during the course of a bankruptcy case by the trustee or a chapter 11 debtor-in-possession ("DIP") as a means of ...

In the post-judgment world, a creditor may levy execution upon the debtor's non-exempt assets wherever they are found within the court's jurisdiction. This includes the debtor's cash, whether in ...