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What are exempt assets?

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Transcript:

Those are certain assets or payments that the individual can keep even if they are in bankruptcy. For instance, if you’re the head of a household, you’re entitled to keep your wages up to a certain amount of money. You’re also entitled to keep your money payments if they are social security, disability, disability payments, VA payments. And you can also keep your retirement payments or annuities in most instances as well.

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