by delron » Fri Apr 01, 2011 5:48 am
Bankruptcy law is overwhelmingly a federal process. However, the federal government does generally allow each state to determine what property is exempt. Some are quite generous. Others exempt very little.
I hope that you're not planning on filing this yourself without the benefit of an attorney. There are a lot of pitfalls in the modern bankruptcy practice, and if you mess something up you may end up spending thousands of dollars to pay an attorney to fix it.
Contact a licensed bankruptcy attorney in the State of New Jersey for specific exemptions under New Jersey law. For a referral, contact your local or state bar association.