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Exemptions are, in essence, what assets are protected in a bankruptcy proceeding.
Exempted property is property that the debtor is allowed to keep. The federal government exempts a number of different types of property. The following list is only a partial listing of Federal and State exemptions. In other words it is NOT all-inclusive. Alimony, support, or separate maintenance received or to be received by the debtor for the support of the debtor or dependent of the debtor.