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Exemptions from Creditors
Exemptions from Creditors
Last Updated August 5, 2008
Under state and federal law, not all property can be taken to satisfy a creditor judgment. This property is known as exempt property. Certain property remains the property of a debtor so individuals can be productive members of society. Additionally, some goods such as used household goods have little value other than to the debtor.
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Alivizatos P.C.
Baltimore MD Elderlaw, Estate Planner and Asset Protection Attorneys

111 South Calvert Street, 27th Floor
Baltimore, Maryland 21202
Practice Areas: Wills and Estates, For the Public
calivizatoslaw.com/Estatetaxes.jsp
Homestead Exemptions
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 Homestead exemption is subject to dollar value cap.
 
 Exemption has only an acreage cap