Tag Archive: exemption

What is Bankruptcy Lien Avoidance?

Avoidance: The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with (or impair) an exemption claimed in the bankruptcy. Most judgment liens that have attached to the debtor’s home can be avoided if the total of the liens (mortgages, judgment liens and statutory liens) is greater than the value…

EIC Exemption Pending in Kansas Legislature

A bill has been introduced in the Kansas legislature to exempt federal earned income tax credit. The law, if passed, would protect the funds from seizure by creditors. Earned income credit is money the federal government gives to low-income individuals and families in the form of tax credit, which is paid in the form of…

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