Increases in Federal Bankruptcy Exemption Protection

Federal Bankruptcy exemptions for filing Chapter 13 Bankruptcy are adjusted for inflation every three years. These exemptions are available to both Washington and Oregon consumers. The happy news is that all the exemptions amounts have increased. See below: Federal 11 USC 522(b) Exemption amounts Homestead exemption raised from $21,625 to$22,975 Motor vehicle exemption raised from $3,450 to $3,675 [...]