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Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...
Chapter 13 bankruptcy: The basics. Chapter 13 bankruptcy lets you reorganize and repay your debts over three to five years. You make monthly payments to a trustee through a court-approved ...
However, the dollar amount of the exemption varies greatly from state to state: In California, for example, it’s $600,000; in New York, it’s as high as $179,950; in Kentucky it’s only $5,000 ...
The modification of the bankruptcy code was intended as an emergency response to tightening agricultural credit in the early and mid-1980s, in the middle of a number of notable bank failures. [ 1 ] The Act was to originally expire on October 1, 1993, but it was extended a number of times without expiring until it was made permanent by the 2005 ...
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Oklahoma State University–Stillwater Leslie Osborn (born October 17, 1963) is an American politician serving as the Oklahoma labor commissioner . She was previously a member of the Oklahoma House of Representatives from 2008 to 2018.