bankruptcy wild card exemption

Bankruptcy exemptions?

I was told by my lawyer that, the bankruptcy trustee took my house though, because the title was not perfected, it would I allow exceptions and some, in essence, get some money back to the homestead exemption in both and the two wildcard exemptions. Is that true?

Exceptions and Joker amounts by the state specific bankruptcy rules so that the answer to your question depends on where you live. Some states have relatively generous Exemptions and could hold value over $ 100K in. Other states have exceptions and it could mean less than $ 10K. I assume your lawyer knows the rules in Your state, if a bankruptcy practitioner. When he's not a bankruptcy specialist, its definitely a worthwhile, because you want to be the maximum number of exceptions.

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