VT BANKRUPTCY: How to File Courts Forms Means Test Exemptions Student Loans Lawyers

Vermont WildCard Exemption

 

Almost every state has an exemption for "any property" which is sometimes called the "wildcard" or "grubsteak" exemption. Generally this exemption is useful because it can be combined with other exemptions to fully protect equity that might otherwise go unprotected.

Vermont Flag
ADVERTISEMENT -
AD_GOOGLE_2_RESPONSIVE_PRE_CONTENT
.
 

Wildcard Exemptions — State System

Vermont Law Exemptions

Unused exemptions for motor vehicle, tools of trade, jewelry, household furniture, appliances, clothing, & crops to $7,000
$400 of any property

Federal Non-Bankruptcy Wildcard Exemptions (none)

Wildcard Exemptions -- Federal System § 522(d)

Can Vermont debtors use the Federal Bankruptcy exemptions instead of Vermont exemptions?

Yes. Federal exemptions are available.

The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if

  • you haven't lived in any state longer than 180 days for a while,
  • or
  • if your state allows the Federal exemptions as a choice.

ADVERTISEMENT -

Free Bankruptcy Case Evaluation For Rutland, VT

Do you have questions about filing bankruptcy in Vermont, and think you might need a bankruptcy lawyer? Use the form below to connect with the Nolo / Martindale network of bankruptcy lawyers For Rutland, VT.
SPONSORED FORM - Nolo/Martindale Attorney Network
Rutland, VT Bankruptcy Home

Jurisdictional relevance: ST

There are versions of this article for each State.