Most often, everything. Bankruptcy allows certain amount of different kinds of property to be kept by the Debtor. Under the state exemptions, you can keep up to $500,000.00 of your EQUITY in your home. Under federal exemptions, most automobiles are retained by the Debtor. Most retirement accounts and annuities are fully exempt from bankruptcy, as are cash value of most life insurance policies. A married couple with no real estate equity can keep over $40,000.00 in cash.
Get the facts. Contact the Massachusetts bankruptcy attorneys at Nashawaty & Rand today.
The Massachusetts bankruptcy attorneys at Nashawaty & Rand serve clients throughout the Greater Boston Massachusetts region including Abington, Avon, Boston, Braintree, Brockton, Bridgewater, Canton, Dedham, Dover, Easton, Hanover, Hingham, Hollbrook, Marshfield, Medfield, Milton, Norwell, Norwood, Quincy, Randolph, Rockland, Sharon, Stoughton, Walpole, Westwood, Weymouth, Whitman, Massachusetts.
