There are some properties that are exempt from creditors in the bankruptcy process. Exemptions are determined by state, and federal laws.
When a Douglas County bankruptcy attorney files a petition, he will include a schedule, or list, of assets and debts of his client. The client will claim certain assets for exemption that he feels are necessary for his recovery after bankruptcy. If these exemptions are allowed, they are no longer at risk.
Your bankruptcy attorney knows the exemption rules of the state, and can apply them to your specific case. One basic rule states that you must have been a resident of the state for 2 years in order to claim exemptions that that state allows.
There are many more bankruptcy laws to wade through. You will definitely want an experienced pro to represent you in a bankruptcy court. A Douglas County bankruptcy attorney is knowledgeable on all the provisions surrounding bankruptcy options. Call to consult an expert: 303-841-9525.
