Cunningham Chernicoff & Warshawsky

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Due to precautions with Covid 19, we have expanded our options for remote consultations. Please contact our office to discuss whether a phone conference or video conference is appropriate for your situation.

What Property Can I Keep After Bankruptcy?

If you face overwhelming debt and are considering Chapter 7 as a way of permanently discharging some of your debts, your first question may be “What property can I keep after bankruptcy?” Each state has its own specific laws governing Chapter 7 exemptions. You want an experienced and knowledgeable attorney to help you understand the rules in Pennsylvania, so that you get the relief you expected.

Experience You Can Rely On

At the law office of Cunningham, Chernicoff & Warshawsky, P.C., we have provided sound counsel to individuals and businesses throughout central Pennsylvania since 1978. Our lawyers have more than 130 years of combined practice experience. We offer large-firm resources and results with a small-firm attitude, using hard work, determination, skill, knowledge and experience to help you get the outcome you want.

The Pennsylvania Chapter 7 Bankruptcy Exemptions

When you file for Chapter 7 bankruptcy protection, you have the option to choose the federal exemption standard or the state exemption.

In Pennsylvania, the state exemption is $300 for an individual or $600 for a couple filing bankruptcy. The state exemptions also include workers’ compensation benefits or disability insurance payments, as well as pension and retirement accounts.

Under the federal exemption, you are allowed:

  • Up to $17,425 in any real property that you use as a primary residence
  • Up to $2,775 of the value of a motor vehicle
  • $450 on any household furnishing up to a total of $9,300
  • $925 additional personal property exemption, up to a total of $8,725
  • All Social Security, unemployment, welfare, veterans or disability benefits
  • Child support and pension benefits

These exemptions are per individual, so are doubled if husband and wife file bankruptcy jointly.

Contact Our Office to Learn More

To schedule a private meeting with an experienced bankruptcy attorney in Harrisburg, Pennsylvania, contact us online or call our office at 717-260-3527 or toll free at 866-534-4404. We provide a free initial consultation to prospective bankruptcy clients. Visa and MasterCard are welcome.

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