What Can I Keep?

Exempt Property in Bankruptcy

If you are considering bankruptcy, you may be concerned about losing your possessions. However, what most people do not know is that bankruptcy actually allows you to keep certain property or personal assets by claiming them as “exempt” under Federal and State bankruptcy laws.

Though property that is considered exempt varies dramatically from state to state, McElroy & Associates stays current on the list of exemptions in both Tennessee and Mississippi.

Contact us in Memphis to find out if your possessions will be protected during bankruptcy. Your initial consultation will be free of charge.

We Can Help You Keep Your Property

At McElroy & Associates, our attorneys will take the time to go over your property and assets with a fine tooth comb, determining what might qualify for exemption. Items that may qualify include:

  • Your homestead (house, land or lease)
  • Your car
  • Pensions
  • Other personal property

Many of our clients are able to keep all of their property and assets. To find what exemptions will apply in your case, seek advice from our experienced bankruptcy lawyers.

Contact McElroy & Associates at 901-881-8730 for trusted bankruptcy advice.

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

East Memphis Office
Jimmy E. McElroy & Associates
3780 South Mendenhall Road
Memphis, TN 38115

Toll Free: 888-871-3678
Fax: 901-794-4335
Memphis Law Office

Downtown Office
Jimmy E. McElroy & Associates
200 Jefferson Avenue
Memphis, TN 38103

Toll Free: 901-881-8730
Fax: 901-794-4335
Memphis Law Office