Chapter 7 Bankruptcy Exemptions In Maryland

Bankruptcy exemptions may permit you to keep some amount of property so that you can start afresh after the bankruptcy. In Chapter 7 bankruptcy, the asset which you exempt cannot be sold by bankruptcy trustee to pay off the creditors. In most cases bankruptcy filers can keep their home if they’re regular on their mortgage payments and don’t have much equity. Some of the other exempt property may include: vehicles, up to a certain value, necessary clothing, necessary household goods and furnishings. To know more about Chapter 7 exemptions, call Holmquist & Dickerson, the best Maryland Bankruptcy Lawyers on 410-692-5315 today.