Tag Archives: WashingtonDC

Knowing Exemption Laws for Your State Can Help Save Your Stuff

Filing for bankruptcy can seem like a scary idea, especially if you are worried about losing property and assets. However, there is really no need to be anxious because there is a very good chance you won’t have to give up anything. In fact, most people who file for Chapter 7 do get to keep their assets. Understanding the exemption laws in bankruptcy cases will help you to hold on to your stuff. Here is a list of some important Chapter 7 exemptions that are available to you in D.C. Home – Any home that the debtor of their dependents lives in is completely exempt in D.C. Personal Property – There are a lot of things that fall under this category such as your car, bank accounts, furniture, appliances, clothing, pets, etc. There are a number of restrictions and value caps that fall on these items as well, so it…
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