Property Exemptions

Protecting Your Assets and Personal Property

Many people with serious debt problems fear the prospect of bankruptcy. They think that they will lose everything they have, yet remain in the financial hole they are in. But federal and Pennsylvania bankruptcy law puts many types of assets out of the reach of creditors. The truth is, many people filing bankruptcy can keep all or most of their property.

At Turner & O'Connell, Attorneys at Law, we understand the bankruptcy laws and the many property exemptions that are available. If filing bankruptcy is the right avenue for you, we will work hard to obtain maximum debt relief, while enabling you to keep as much property as possible.

Contact us for a free consultation. A lawyer at our firm can explain your options and how we can help you get a fresh financial start.

You Can Keep Your Property

Filing bankruptcy does not mean that you will lose all of your property.

In most cases, the federal schedule is better, but there are situations where the Pennsylvania schedule is preferable. Our firm will take a close look at your financial situation to determine whether to claim the federal or Pennsylvania property exemptions when filing your bankruptcy petition.

You will be able to keep your retirement accounts, IRAs and 401(k) accounts. There is a generous personal property exemption. In most cases you will be able to keep your vehicle or vehicles. There is even a "wild card" exemption that you can apply to property of your choosing. And the allowable exemptions double for a married couple.

Our Dauphin County asset protection attorneys understand the available property exemptions, and we will work hard to protect as much property as we can, while obtaining debt relief through a Chapter 13 or Chapter 7 bankruptcy.

Free Consultation With an Attorney

Contact Turner & O'Connell for a free consultation with an experienced Harrisburg property exemption attorney.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.