The Law Office of Andrew Magdy
Saint Louis Bankruptcy

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Everything You Need To Know About Bankruptcy In Saint Louis

Posts tagged Exemptions
What Are Exemptions?

Will I lose all of my property? The answer is a simple no. In fact, most Chapter 7 Bankruptcies are “no asset” cases, meaning the Trustee is not going to take any property or money from you. You won’t lose any property if you can claim an exemption. An exemption is simply a mechanism that protects your property from your creditors and the Bankruptcy Estate.

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