Bankruptcy Exemptions in Raleigh, NC

In a Raleigh, NC Chapter 7 bankruptcy, exemptions play a crucial role in determining which of your assets you can keep. At Cameron Bankruptcy Law, we understand that many people worry about losing their property. However, most clients are able to protect their homes, cars, and other assets thanks to exemptions and strategic planning. Your “equity” is the portion of property you own after subtracting any amount you still owe on it.

In Chapter 7, your equity must be less than or equal to the allowed exemptions for you to keep the property. If you have too much equity, we may advise you to consider a Chapter 13 bankruptcy. However, it is rare for clients to lose property, and we have strategies in place to help you preserve your assets.

At Cameron Bankruptcy Law, we are committed to guiding you through this process and ensuring you are well-informed. Instead of listing exemptions here and causing confusion, we recommend scheduling a free consultation with our team. We’ll explain how exemptions apply to your specific case and help you understand what will happen to your assets.