is there an amount that is protected from my creditors?

If there’s equity in my house and I file for bankruptcy, is there an amount that is protected from my creditors? I’m guessing there may be $5000-$6000 in equity if I were to sell my house.

One Comment

  1. The bankruptcy law allows up to 75k in equity under NYS exemptions. Also the Federal exemptions are up to approx 12k. Your bankruptcy attorney will access your situation and determine which exemptions (state/federal) are best for you.

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