car
Date: Mon, 06/22/2009 - 14:03
You need to look up what your state exemptions are.
You need to look up what your state exemptions are.
Yes, to expand on what Soaplady said, they go by your state's al
Yes, to expand on what Soaplady said, they go by your state's allowed exemptions. For example, if your state's exemption is $3500 and your car was worth $10K, then you would be $6500 over the exemption and they might make you sell it.
I also think (but not certain) that there's a Federal exemption that entitles you to 100% of a single vehicle used primarily for household purposes. So I think you will be safe.
Some states allow only their state exemption (like in VA) others
Some states allow only their state exemption (like in VA) others will allow you to use state or federal... here is a link to look them up in your area... keep in mind, if married and both filing can double the exemptions.
(Remove the space after http:)
http: //www.bankruptcyinformation.com/services.html
