Category: Bankruptcy Exemptions

Can You Keep your Car and File Bankruptcy?

We hear the question all the time: Can I keep my car if I file bankruptcy? There is a fair amount on the web on this topic: It basically comes down to the value of the car, any liens, exemptions,…

Massachusetts Bankruptcy Court Allows Federal Homestead Exemption in Second Home

In the interesting yet simple case of in re Lawrence, No. 11-42045-MSH (Bankr.D.Mass. 2012) the court confronted the following uncontested facts. On schedule C to their bankruptcy petition the Lawrences claimed an exemption in the Maine condominium, invoking the Massachusetts…