I work in a business where i see a lot of contractors totally losing everything
. This one is particular is going to file bankruptcy ch7 but is worried the bk trustee will take away his van and trailer (both paid for) which is where he keeps his tools and would prevent him from making a living (however meager it is right now)
is there an exemption ( in CA) that alows him to keep his trailer and van? He has a '92 surbuban paid for which he is willing to give up but would rather not.
the trailer is worth about 800
the van about 14,000
He is a sole proprietorship as a contractor.
. This one is particular is going to file bankruptcy ch7 but is worried the bk trustee will take away his van and trailer (both paid for) which is where he keeps his tools and would prevent him from making a living (however meager it is right now)is there an exemption ( in CA) that alows him to keep his trailer and van? He has a '92 surbuban paid for which he is willing to give up but would rather not.
the trailer is worth about 800
the van about 14,000
He is a sole proprietorship as a contractor.
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