Filing for bankruptcy does not leave you destitute. The primary goal of the legal system is to give individuals a "fresh start," not to take everything you own. Both state and federal laws (known as exemptions) protect your essential assets, income, and future stability.
Filing for bankruptcy does not leave you destitute. The primary goal of the legal system is to give individuals a "fresh start," not to take everything you own. Both state and federal laws (known as exemptions) protect your essential assets, income, and future stability.