Am I Allowed To Keep Any Property?

Certain property is exempt and cannot be taken from you. The homestead exception may allow you, if you are the head of the household, $12,500 of equity from your house. You also may claim a personal property allowance of $2,500. These exemptions do not protect personal property that has a lien or security interest on the property. You are also allowed to keep $1,500 in personal possessions such as necessary clothing, kitchen utensils, and furniture, $1,500 in tools and equipment and six months worth of supplies and fuel to support you and your family.