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Miller & Miller Law, LLC
414-326-9231
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866-678-9352
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You can also feel free to text us at 414-277-7742 to set up your FREE appointment with our attorneys today
You can also feel free to text us at 414-277-7742 to set up your FREE appointment with our attorneys today

What are Exemptions and What Do They Do?

People file for bankruptcy to obtain a financial fresh start, but no one wants to lose all of their property in the process. In fact, a common and important question that clients or people considering bankruptcy ask is whether they will lose everything they own or a particular item if they file. In the majority of cases, our answer is, "No."

That is because the law allows everyone who files for bankruptcy to protect certain property from their creditors, even if the value of their assets is greater than their debts. The bankruptcy laws state that certain personal items and real estate cannot be taken by creditors to pay off their debts.

Such items are exempt, or protected property.

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Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

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