Legal Question in Bankruptcy in Tennessee

Bankruptcy

Is there a difference between the bankruptcy laws in tenn versis Ohio I am moving to tenn and intend to file there if there is no difference Thank you


Asked on 7/11/07, 7:38 am

1 Answer from Attorneys
LAURA TEK LAW OFFICE OF LAURA TEK

Re: Bankruptcy

THE BANKRUPTCY IS FEDERAL SO ITS THE SAME IN ALL STATES AS TO "PROCEDURE", BUT THE EXEMPTIONS VARY FROM STATE TO STATE; MEANING,the property you are allowed to keep varies from state to state; e.g. in states you are allowed to keep all of the equity in your home; in TN you are not allowed to keep it all, only $5000.00 worth.

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Answered on 7/11/07, 10:24 am


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