Best Answer

If filing a federal bankruptcy, federal BK exemptions apply. If filing a state bankruptcy, the state's exemptions apply. A few states allow the debtor to choose either state or federal filing whichever is the most beneficial to the debtor. Bankruptcy Action,

User Avatar

Wiki User

โˆ™ 2006-04-04 02:56:03
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What can you own when you go bankrupt?
Write your answer...
Related questions

How can a broker go bankrupt in a stock market?

when he trades on his own .. he will go bankrupt

Can you be a teacher if you go bankrupt?

Can you be a teacher if you go bankrupt ?

How many times can you go bankrupt in mn?

Once you go bankrupt you are out of the game so you can go bankrupt once

When will the WWE go bankrupt?

wwe will never go bankrupt.

Did GMC go bankrupt?

General Motors did go bankrupt.

Can you-tubers go bankrupt?

Absolutely, anyone can go bankrupt!

Can you go bankrupt on taxes?

do you have to pay tax late payments if you go bankrupt

When did Michael Jackson go bankrupt?

He was never bankrupt.

If you own a home bankrupt?

What is your question?

Can you bankrupt a traffic ticket?

No you can not go bankrupt on traffic tickets

Can you go bankrupt if you owe the taxman money?

yes you can bankrupt

How did America go bankrupt?

We are not bankrupt yet but we are getting closer.

How did Prince Edward Island go bankrupt?

It Didn't Go bankrupt, If you were smart you would know that

Can an elderly person go bankrupt?

Certainly, an elderly person can go bankrupt; there is no age limit on bankruptcy.

Went bankrupt December 29 2000 when can you go bankrupt again?


What caused Michael Jackson to go bankrupt?

Michael Jackson was never bankrupt.

Why did the french government go bankrupt?

the french government went bankrupt after the war

How many people go bankrupt a year due to smoking?


What were some of Edgar Allan Poe's money problems?

He went bankrupt, when he left his foster family, The Allans, to go off on his own.

Can a teacher go bankrupt?

Of course

Can you go bankrupt if you do not have a job?


When did xoma go bankrupt?


Did the US go bankrupt in 1933?


Did Anita Baker go bankrupt?


Will they take your car if you go bankrupt?