Exempt property is simply property that you can keep and protect from your creditors in any collection case against you, including bankruptcy cases. It is important to remember that the essence of our bankruptcy laws is to allow individuals who have become overburdened with debt to relieve themselves of that burden and get a “fresh start”. Accordingly, the law allows you to keep certain necessary and essential property to facilitate your emergence from bankruptcy. Exempt property is defined by the law of the state in which you reside. Please call our office for more information pertaining to Ohio’s exemptions as well as an assessment of the exposure of your assets in bankruptcy and collection cases.