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Exemption question and 2 Motorcycles

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    Exemption question and 2 Motorcycles

    I live in Washington state and we have the following exemptions here:

    Homestead 125k
    Household goods 2.7K
    pictures 1.0k
    Furs, etc, 1.0k
    cars 2.5K
    wildcard 2.0K (can be any property)

    Question, I have a car that on a lease, but have two motorcycles, one is valued at 3.8K and the other 1.5k. Can I use the wildcard for the 1.5K motorcycyle? Can I use my car exemption on the other motorcycle of 3.8K? I am not currently claiming bankruptcy but may be getting a judgment soon. If I have to lose the 3.8K motorcycle then so be it.

    #2
    I did find out that I can use the wildcard exemption for the cheaper motorcycle. I have been told that since the other motorcycle is not my primary mode of transportation, I can't use the car exemption for it.

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      #3
      You need to get a lawyer to help. I'm in WA also and will have 5 cars, motorhome, boat, and 2 dirtbikes. I think I'm using the federal exemption with ch7 and they're all safe. none are financed.
      Only one car is worth anything (maybe $4000). All the rest NADA is less than $1500 in cluding the boat and mh.
      Maybe the diff is I don't have any equity in my property though.

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