Consumers who are contemplating bankruptcy may be worried thatone of the effects of the bankruptcy order would be to divest themof all of their assets. This is not the case, however, as state andfederal law has specified that certain assets are to be seen asexempt from the bankruptcy process.There are basically two different types of exemptions - and hereexemption means that the assets cannot be taken by the debtor’sbankruptcy trustee and sold to raise money to pay off creditors -and these are complete exemptions and partial exemptions. Completeexemption is where the asset would not form part of the bankruptcyat all - family portraits in Alabama, for instance, are completelyexempt from bankruptcy proceedings - and partial exemption is wherean asset is protected up to a certain value. An ex