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Posts tagged "state exemptions"

Bankruptcy exemptions in Pennsylvania

Pennsylvanians who are considering filing bankruptcy are often concerned about whether they will lose their property. In a Chapter 7 liquidation bankruptcy, debtors are likely to lose some of their possessions, which will be sold by the trustee to pay a portion of the owed debts. However, many categories of property are specifically exempted from inclusion in the bankruptcy estate, meaning they will not be sold and the debtor will be able to retain ownership.

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Bryan P. Keenan & Associates, PC

993 Greentree Road
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