Can I keep certain types of property when filing for bankruptcy?

Yes, when filing for bankruptcy in Mississippi, you can keep certain types of property. Depending on your circumstances, you may be able to exempt some of your property from the bankruptcy proceedings. This means that even if you do file for bankruptcy, the bankruptcy court cannot take away that property in order to pay off your debts. In Mississippi, there are two potential types of exemptions: (1) automatic exemptions, and (2) wildcard exemptions. Automatic exemptions are defined by Mississippi law and include certain types of property like your primary residence, furniture, clothing, and books up to a certain value. In addition to the automatic exemptions, Mississippi allows an additional wildcard exemption that can be applied to anything, up to a certain value. To learn more about what type of property you can exempt when filing for bankruptcy in Mississippi, you should speak to a qualified bankruptcy attorney. They will be able to assess your circumstances and explain what property you can keep when filing for bankruptcy.

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Can I keep certain types of property when filing for bankruptcy?

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