Reasons To Consolidate

Stop Collection Calls
Lower Monthly Bills
Free Credit Counselors
Repair Your Credit
Get Out of Debt For Good
Foreclosure Facts
Loan Modification
Debt Elimination
Debt Settlement
Debt Negotiation
Personal Debt Freedom
Debt Management Plans
Debt Consolidation Guide
5 Steps To Debt Relief
Types of Debt Relief
Tips To Reduce Debt
Understanding Tax Debt
Payday Loan Relief
Debt Negotiation Letter
Debt Verification Letter
Credit Card Help
Credit Card Rules Changes
Store Credit Cards
Fix Credit Card Debt
Debt Consolidation Loans
How Debt Consolidation Affects Credit
Free Bill Consolidation?
Reduce Your Debt
The Debt Snowball
Financial Planners
Medical Debt Guide
Seniors in Debt
How to Keep Your Job
What if You Don't Pay Bills
Wage Garnishment
Mortgage Hardship Letter
Get Out of Debt
Bad Credit Personal Loan
Life After Bankruptcy

Chapter 7 Exempt Property

  • Motor vehicles, up to a certain value
  • Personal clothing items
  • Household furnishings and appliances
  • Jewelry, up to a certain value
  • Personal effects
  • Life insurance policies (cash value or proceeds), up to a certain value
  • Pensions
  • Portion of the equity in your primary residence
  • Tools of Trade, up to a certain value
  • An amount of unpaid yet earned wages
  • Public benefits including Social Security, Unemployment Payouts, Welfare

Call 888-314-1403 to speak with a certified credit counselor for help or fill out the form above.

Under this same Chapter 7 Bankruptcy, the law will NOT allow you to keep the following items. These assets will be taken:

  • Any second (non-primary residences) or vacation homes
  • Musical instruments and equipment, unless you can prove it is your profession
  • Second vehicle, RV, etc.
  • Cash on hand, bank account balances, stocks and invested monies
  • Valuable family heirlooms
  • Stamp, coin, baseball card, or other valued collections
  • Any other un-listed items of value not deemed necessary for day to day living
Be sure to verify within the state of filing for the list of specific exempt and non-exempt items for your particular state.

Other Bankruptcy Related Articles

Contact Us | Privacy Policy | Terms of Use | Site Map