Senior citizen bankruptcy

Exemptions allow you to keep certain property when you file bankruptcy. One of the most important considerations when preparing to file bakruptcy is determining whether your particular assets are exempt. For major assets such as a house or car, this involves calculating whether your have equity in the asset, and if so, whether the equity exceeds the bankruptcy exemptions. Another factor is whether you are up to date on the payments on your secured debt such as a mortgage or car loan. If you would like additional information, please feel free to contact me to discuss further. Jason Karavias, Esq. Phone: (412) 456-7700