What Can I Protect?
Bankruptcy Exemptions: "What Can I Keep?"
In a bankruptcy, exemptions allow you to keep certain assets that might otherwise be seized. At Attorney Joseph J. D'Agostino, Jr., LLC, we can help you understand what property you are allowed to keep and what property you may have to give up in a bankruptcy. With skillful legal planning, you can keep as much of your property as the law will allow.
Contact us online or by telephone at 203-377-9994 to speak with an experienced Wallingford bankruptcy protection attorney. For your convenience, we maintain two offices, one in Wallingford and one in Stratford.
Connecticut Bankruptcy Lawyer
It's a common bankruptcy myth that you will lose all your property when you file for bankruptcy. State and federal laws allow people filing for bankruptcy to claim exemptions. The following list is not exhaustive, but it represents some of the exemptions that can be claimed:
- A house (up to a certain value)
- A car (up to a certain value)
- Household goods and furnishings (up to a certain value)
- Retirement assets (pensions, company stock, IRAs, 401(k) accounts)
- Workers' compensation
- Social Security Disability benefits
The property you are allowed to keep after filing for bankruptcy is dependent upon a number of factors, and each situation is different. An experienced bankruptcy attorney can help you understand your rights, and help you keep the property you deserve.
If you are overwhelmed by debt and worried about losing your property, we are here to help you explore your options. Contact us online or by telephone at 203-377-9994 to speak with an experienced Wallingford bankruptcy counseling lawyer.