A Comparison of New York and Federal Asset Exemption Laws

Asset New York Exemption Federal Exemption Homestead (principal Residence)   *amount of equity that is exempt $150,000 (Kings, New York, Nassau, Suffolk, Rockland, Westchester, Putnam) $125,000 (Dutchess, Albany, Columbia, Orange, Saratoga, Ulster) $75,000 (all other counties in New York) $21,625 “Wildcard” *can be used on any asset $1,000 if no homestead exemption is used *only […]

Frequently Asked Questions

The following are some frequently asked questions and answers about Bankruptcy. This is not intended to be used as legal advice. If you have further questions, please contact the Law Office of William Waldner to speak with an attorney about your options. What happens when I file? When you file a bankruptcy with the court, […]