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Help! Asset case question....

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    Help! Asset case question....

    OK, not sure if I understand how this works, and my attorneys office is not returning our phone calls. We have a 1985 Goldwing motorcycle, and in OH our lawyer listed it as valued at our $1400 exemption. The trustee feels it's worth more - we don't think the bike is even worth that, and that she's nuts for wanting to take it and sell it. We told her she could have it and were kind of calling her bluff in hopes that she might decide it wasn't worth the hassle, but sure enough now she filed a motion to turn it over to her. Here's my question - we will get $1400 in cash from the sale of the bike, right? Since that was our exemption, we're still entitled to it, from what I understand. What if it sells for LESS than $1400 - is she still required to give us that amount?

    Thanks!
    ohiomom

    #2
    If it sells for less, you'll probably only get what it sells for.
    Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision.

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