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Bankruptcy Protected Property

By Bankruptcy Ben | Published: May 28, 2010

Some property cannot be taken by your Trustee in bankruptcy

  1. Necessary clothing and household items;
  2. Tools of the trade to an indexed amount
  3. A motor vehicle to an indexed amount
  4. Life insurance or endowment policies
  5. Certain damages and compensation payments
  6. Sentimental property (as defined in the bankruptcy act
  7. Super annuation payment
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