Vermont Bankruptcy Lawyers

When you declare bankruptcy in Vermont, you will have to choose between either Chapter 7 or Chapter 13 bankruptcy. If you choose Chapter 7, many of your debts will be eliminated. However, you will be required to liquidate many of your assets and pay off as much of your debts as possible. In Vermont, there is a list of specific items that are exempt from liquidation. These items include appliances, books, wedding rings, farm animals and crops, and more. Also, Vermont has one of the largest homestead exemptions, allowing you to keep your home if it is valued under $75,000.