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How does the Federal Bankruptcy Exemption Wildcard work?

bankruptcy law

What is the wildcard under the new laws and how can it be applied?

This entry was posted on Saturday, July 4th, 2009 at 12:49 am and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

One Response to “How does the Federal Bankruptcy Exemption Wildcard work?”

  1. DLeibowitz Says:
    July 6th, 2009 at 7:48 am

    I think you asked this question before and I answered it already. You get your $1075 personal property exemption and you can stack your $10,775 homestead exemption to the extent that you have not used it to protect a homestead. So absent protecting any equity in your house, you get a total of $11,850 of personal property exemptions.