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Federal Bankruptcy Exemptions
Specific exemptions provided by federal law that allow a debtor to protect certain types of property from being seized and sold off by creditors during the bankruptcy process.
Unsecured Creditors
Creditors who have extended credit without obtaining specific collateral, ranking below secured creditors in claims on assets.
Individual Retirement Account
A financial tool for individuals to save for retirement in a tax-advantaged way.
Unsecured Creditors
Creditors who have extended credit without securing collateral, putting them at greater risk if the borrower defaults.
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