Part of the risk in filing a Chapter 7 bankruptcy is that some possessions maybe liqudated unless properly exempted.
You should consult a local bankruptcy attorney because a local attorney can determine what exemptions are available. Most bankruptcy attorneys offer a free initial consultations.
This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.
Answered on Feb 15th, 2013 at 2:17 PM