Most states also have a homestead exemption that protects a certain amount of equity in your principal residence. If your equity is above the exemption amount, then you may still be able to file for Chapter 13 bankruptcy and keep your home.Chapter 13 also allows you to catch up on any missed mortgage payments through your plan.iling for bankruptcy does not mean that you have to give up all of your assets. In Chapter 7 bankruptcy, the amount of property you can keep is determined by your bankruptcy exemptions. Each state (and the federal system) has its own unique set of exemptions.
In this section, weâll discuss how Obamacare can help offset the cost of monthly premiums and work to your advantage if you fall beneath the poverty threshold. In 2015, the federal poverty line in the United States is currently set to $4,060 per person after the initial threshold of $11,670 for an individual.
In 2017, the individual deductible jumps 74 percent to $405 compared to $233 in 2016. Across the country, premium rates will increase by 25 percent in 2017 owing in some part to the withdrawal of several major insurers from the Obamacare marketplaces.