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What Are the Washington D.C. Bankruptcy Exemptions?

Declaring bankruptcy is a difficult decision, but it can help individuals and businesses to start fresh by wiping away their debt. In Washington D.C., filing for bankruptcy protection provides an opportunity for debtors to retain certain assets while discharging other debts. To understand the process, it's important to learn about the Washington D.C. Bankruptcy Exemptions that are available in this jurisdiction.

The federal government has issued guidelines for which assets may be considered exempt from creditors when bankruptcies are filed in Washington D.C.. Generally speaking, exemptions apply to property such as homesteads, personal possessions including vehicles and jewelry, life insurance policies and retirement funds that are held in qualified accounts such as 401(k)s or IRAs.

The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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