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What is a Federal Exemption?

April 26, 2017Federal

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What is a Federal Exemption?

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Federal exemptions are assets that a debtor can keep when filing for bankruptcy. Under Title 11 U.S.C. Section 522 of the United States Bankruptcy Code exempts the following assets.

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Federal exemptions are assets that a debtor can keep when filing for bankruptcy. Under Title 11 U.S.C. Section 522 of the United States Bankruptcy Code exempts the following assets.