The Online Bankruptcy Blog

If you think being a senior citizen brings with it special exemptions when it comes to bankruptcy – think again. Sure, there are one or two changes to a standard bankruptcy when filed by a senior citizen, but in general, everything stays the same.  That doesn’t mean that senior citizens shouldn’t file for bankruptcy – [...]

Although bankruptcy is covered by federal legislation, there are local laws in each state that also need to be addressed. One of these covers what can and cannot be included in the exempt assets component of a bankruptcy petition. There are 16 states that allow petitioners (debtors) to select either state of federal law, the [...]