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Exempt vs. Non-exempt Property Under Chapter 7 Archives

David Sexton

Understanding exemptions in bankruptcy is crucial

Chapter 7 bankruptcy has helped millions of Americans address overwhelming debt burdens, including many people in Tennessee. Regardless of how a person's financial situation spiraled out of control, filing for bankruptcy is an option that can help Tennessee residents get themselves on a better financial path in life. However, understanding the details of a bankruptcy filing is crucial, including how exemptions come into play in the bankruptcy process.

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