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Bankruptcy

: The Debt Podcast

What is the Wild Card Exemption?

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In states that haven’t opted out of the federal exemptions, such as Massachusetts, there exists something referred to as the “wild card” exemption. This is a very useful exemption and what allows most bankruptcy debtors to keep all their property. Section 522(d) of the Bankruptcy Code states, in relevant part: The following property may [...]

Full post as published by The Debt Podcast on May 19, 2009 (boomark / email).

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