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Your Charlotte bankruptcy attorney can protect up to $10,000 of the equity in your home for you and your spouse
Your Legal Helpers sponsoring Charlotte bankruptcy attorney can use the North Carolina homestead exemption to protect up to $5,000 of the equity in your house per person, to a maximum of $10,000. Unfortunately you can't use this exemption to protect a rental property or a house you are not living in. Your Charlotte bankruptcy attorney can, however, use other exemptions to save your money.
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As an experienced Charlotte bankruptcy attorney, your Legal Helpers sponsoring lawyer understands state financial law and local rules as well as the Trustees' preferences, the local judges' rulings, and how to work with the local creditor attorneys. With this level of knowledge, your bankruptcy attorney will be able to develop the best strategy for your case.
You can also depend on your Legal Helpers sponsoring North Carolina attorney to explain each stage and aspect of the process. At Legal Helpers we work with our clients to ensure the best results. Our law firm will quote you an estimate of our fee without obligation.
State law provides many options
Your Legal Helpers attorney will help you understand which exemptions best apply to your case. These include:
Motor Vehicle Exemption -- Your lawyers can use this exemption to protect $1,200 in value of any one motor vehicle listed. Additionally, if you file with your spouse a lawyer can use both vehicle exemptions to protect up to $2,400 in vehicle equity as long as both you and your spouse are on the title to the car.
Household Furniture Exemption -- This exemption allows your lawyers to protect up to $2,500 of your household furniture in items ranging from your kitchen table to your living room couch.
Life Insurance Proceeds Exemption -- This exemption can protect 100% of the value in life insurance that insured the life of an individual of whom you were a dependent, to the extent reasonably necessary for your support or the support of your dependent(s).
Qualified Retirement Plan Exemption -- Your lawyers can prevent creditors from touching the proceeds of your many types of retirement plans. They can protect anything from stock bonuses, pensions, profit sharing plans and annuities as long as we determine that your savings match a specific type of retirement plan.
Tools of the Trade, Professional Books Exemption -- This is a useful exemption that can be used to protect up to $750 of the tools you use in your profession.
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