personal property

Will the Trustee take all of my tools if I file Bankruptcy?

Or can I exempt them as Tools of the Trade? Under the Kansas bankruptcy exemption statute, every person is entitled to claim “books, documents, furniture, instruments, tools, implements and equipment, breeding stock, seed grain . . . reasonably necessary in carrying on the person’s profession, trade, business or occupation.” To determine if your property can [...]

Can I keep my car if I file Bankruptcy?

You can keep all personal property that is exempt. Under statute, every person residing in Kansas shall have exempt from seizure and sale upon any attachment, execution or other process issued from any court in this state certain personal property. Fortunately, Kansas exemptions are quite gracious so there is a good chance you may keep [...]

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