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A good Baltimore bankruptcy lawyer can protect up to $2,500 of the equity in your house

A Legal Helpers sponsoring Baltimore bankruptcy lawyer knows how to use the state exemptions to protect your property. As an experienced consumer financial attorney, your Baltimore bankruptcy lawyer understands all aspects of Maryland state law as well as the local Baltimore rules. In addition, your Baltimore bankruptcy lawyer is knowledgeable of the Trustees' preferences, the local judge's rulings, and how to work with the local creditor attorneys to plan the best strategy for your case.

For a highly experienced Baltimore bankruptcy lawyer, contact Legal Helpers today!

Your Legal Helpers sponsoring Baltimore bankruptcy lawyer can prevent creditors from touching the proceeds of your hard-earned retirement plan. This exemption can protect anything from stock bonuses, pensions, profit sharing plans and annuities as long as its determined that your savings are in a qualified retirement plan.

Your Maryland bankruptcy lawyer can also help you take advantage of the Clothing, Textbooks, Bible, and Family Pictures exemption. This could protect $2,500 in equity in various personal items such as your clothing and personal heirlooms.

Other Maryland exemptions that could save you even more money

Working with qualified attorneys can help you save money. Here are just a few other areas where exemptions may play a role in your bankruptcy case.

Life Insurance Proceeds Exemption -- Under this exemption a lawyer can protect a payment under a life insurance contract 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).

Tools of the Trade, Professional Books Exemption -- This is a useful exemption that can be used to protect up to $2,500 of the tools you use in your profession. For example, shears, scissors and combs are the tools of a hairdresser, as are wrenches and hammers for a mechanic and carpenter.

Workers' Compensation Exemption -- This exemption can protect 100% of compensation you receive under Maryland workers' compensation laws. Your attorney can protect both 100% of your wages and 100% of the award you receive to compensate you for any permanent disability. In Maryland, workers' compensation cases are 100% exempt.

Wildcard Exemption; (Any Personal Property of Debtor) - The last but probably most important of the exemptions is the Wildcard Exemption. Using the Wildcard Exemption in your bankruptcy case, your attorney can protect up to $3,000 of any type of personal property. They can protect anything you own that has equity in excess of the above exemptions.

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