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Which types of assets are exempt under Minnesota’s list when filing bankruptcy?

MN’s list is similar to the Federal list but it also has smaller items, such as the debtor’s family bible, musical instruments, watch, utensils and food. Proceeds originating from a fraternal benefit association, such as a police or fire department association, are also on the list. These items are not 100% exempt; rather, the rules set a dollar maximum for some categories.

Barry Rosenzweig
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Barry Rosenzweig, has 25 years experience as an attorney helping clients solve their legal problems.