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What our Users say about us?

“After getting through a costly and emotionally draining divorce, my financial state was in ruin. It seemed like an insurmountable task to find a way to pay for my new spousal support payments, my child support payments, back taxes, and divorce attorney fees.....more


“I am writing today to than you for the help (and hope) that you were able to provide to my husband and me. My husband and I both worked for a company that moved its operations to Mexico in 2008, and so.....more

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Our bankruptcy services can help you to a financial fresh start. Stop creditors and collection agencies, while protecting your home.

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Filing Bankruptcy in Vermont

Feeling financially stressed out? Vermont bankruptcy laws can provide a way out!

Vermont Bankruptcy Attorney

If you’re in debt, and thinking about declaring yourself bankrupt through the Vermont bankruptcy law, it’s suggested you think again before doing so, since bankruptcy won’t forgive paying back every and every cent you owe. Debtors avail debt relief through the exemptions available within the bankruptcy statute, and so it’s important to consult an experienced Vermont bankruptcy attorney before you actually file for your bankruptcy. Filing bankruptcy in Vermont is not easy, and so you need to search out for experienced Vermont bankruptcy lawyers who can guide you in the proper manner how to go about it. It’s possible for the debtor to file bankruptcy in Vermont in two ways - through the Vermont Chapter 7 bankruptcy, or through Vermont Chapter 13 bankruptcy, depending which bankruptcy you qualify for. It’s advised you contact your local bankruptcy lawyer to avail proper and legal counseling which can help you during your bankruptcy filing.

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State exemptions in Vermont

State or Federal bankruptcy exemptions available in Vermont.

Homestead

Property or a mobile home up to $75,000. Also possible to claim rents, profits, and outbuildings. Spouse of the deceased owner can also claim homestead exemption. The property held as tenancy may be exempted against any debts owed by only one spouse.

Wages

A minimum of 75% of the total weekly disposable earnings, or up to 30 times the federal minimum hourly wages (whichever is more). The bankruptcy judge can authorize a greater amount for low-income debtors. Entire wages might be exempted if you have received any welfare during the last 2 months before the filing.

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Wild card

Up to $7000 on any amount of appliances. Growing of crops, motor vehicles, jewelry, tools of the trade, and any property up to a maximum of $400.

Automobiles

Motor vehicles up to $2,500.

Misc.

Any property registered as a business partnership. Alimony and/or child support exempted.

Vermont bankruptcy lawyer

Vermont bankruptcy filings involve a lot of documentation to be included when the bankruptcy petition is to be filed. It’s important to draft out an effective hardship letter, which explains at least three critical reasons why the petition needs to be filed. Vermont bankruptcy attorneys are familiar with this process, and can help you draft out an effective hardship letter, which can help you avail financial debt relief. So contact your local bankruptcy lawyer, and prepare your bankruptcy case in an organized and planned way to reap the maximum bankruptcy benefits.

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