In most bankruptcy cases, you can keep all property that the law says is "exempt" from the claims of creditors. Exemptions can be determined under your state law or under federal law. In Kansas and Missouri, the exemptions are generally determined under state law.
In general, some exemptions (assets you can keep) in Kansas exemptions include:
- Your home
- Your car (up to $20,000)
- Household goods and clothing
- Property you need in order to do your job
- Pensions and government compensation
- Life insurance
A bankruptcy lawyer with Castle Law Office will be able to determine the specifics of your exemptions. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or you can email us and schedule your free consultation.