Hello.
From the web page "Bankruptcy Secrets: How to Win the Bankruptcy
Game":
"Which states are the best when it comes to bankruptcy? Texas and
Florida are good bets. They both have unlimited homestead exemptions.
This means that you can go through a chapter 7 bankruptcy, ditch all
your debts and retain your home no matter its cost. After the
bankruptcy is finalized, you're completely free to sell the place and
use the proceeds to start a new life. Many have done this and so can
you.
Also - Florida is one of the few states that fully protects
accumulated retirement funds from the bankruptcy courts. Why do you
think O.J. Simpson is free to play golf all day on his football
retirement? His advisors have his $25,000 per month NFL retirement
check deposited in an account in, you guessed it, sunny Florida. If
the check had gone to any other state it would have been seized by the
courts and given to the Brown family as part of their civil judgement.
If you've amassed a sizeable retirement fund over the years or just
want to take advantage of the most liberal bankruptcy laws in the
country, you might want to chat with a bankruptcy attorney in one of
these states. It just might save you a small fortune."
Source: Black Market Press - Bankruptcy Secrets
http://www.blackmarket-press.com/info/bank/banking/bankruptcysecrets.htm
Bankrupty exemptions (i.e., what property you are allowed to keep when
you file) vary by state, so the "best" state in which to declare
bankruptcy may depend on the nature of your assets.
A web site called bankruptcyaction.com lists exemptions for all
states. Browsing the site will give you an idea of the various
advantages and disadvantages of each state. See Bankruptcyaction.com:
Exemptions
http://www.bankruptcyaction.com/exemptionsnonjava.htm
search strategy: "liberal bankruptcy laws", "states are the best",
"best states", bankruptcy state exemptions
I hope this helps. |
