Property that is exempt from creditors claims
will depend on what state you live in and it will also depend
on whether or not you can elect the federal exemptions or the
state exemptions. Historically the law has protected certain
things in certain jurisdictions and not protected them in others typically
the further west you move the more protection there is for homestead’s
typically the further east you live in the United States
the more the creditors rights issues will be similar to English common Law
it’s extremely important that you seek bankruptcy counsel
in your jurisdiction from an experienced consumer bankruptcy lawyer
in order to find out what the exemptions are what the elections are
and how that’s gonna fit your particular needs.