On this episode of Bankruptcy Through the Looking Glass, Barry Levine and Sam Heninger discuss exemptions in bankruptcy, highlighting how they are the same in both Chapter 7 and Chapter 13 bankruptcies. They explain the option to choose between federal and state exemptions, focusing on real estate exemptions in Massachusetts. Barry shares a personal experience about the importance of recording a new homestead after turning 62 to protect equity up to a million dollars. Tune in for valuable insights on navigating bankruptcy exemptions.
Timestamps:
00:00:26 - Understanding Exemptions in Bankruptcy
00:01:10 - Federal vs. State Exemptions in Massachusetts
00:01:31 - Real Estate Exemptions and Homestead Rules
00:02:25 - Other Common Exemptions
00:02:57 - Exemptions for Savings and Stock Holdings
00:03:28 - Homestead Exemptions in Different States
00:03:59 - Case Study: Homestead Exemption Strategy
00:05:02 - Trustee's Role and Compensation
00:05:34 - Misconceptions About Bankruptcy Abuses
00:06:41 - Defining Dischargeable Debts
00:07:57 - Automatic Stays Explained
00:10:13 - Rights of Creditors in Bankruptcy
00:16:18 - Closing Remarks and Personal Anecdotes
About The Show
Join Barry Levine on Bankruptcy Through the Looking Glass for insightful discussions, expert advice, and real-life stories that shed light on the complexities of bankruptcy law and financial recovery.
Popular Podcasts
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com