If I claim federal exemptions in bankruptcy can I claim 100% interest in assets as exempt?
Will I lose all my property if I file for Bankruptcy in Texas?For most people living in Texas, bankruptcy does not mean that you will lose your property. For most people in Texas, Chapter 7 results in losing only your debts.
Yes, says the 5th Circuit Court of Appeals, but only up to the "capped" values stated in 11 U.S.C. Sec. 522(d). See Peake v Ayobami (5th Cir. 2018).
We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code.