Even tho we had to use outa State Exemptions, we filed in Indiana.
Indiana went to a flat $8K/debtor for personal property. If both you and spouse file, that gives you $16K toward your personal property. That's furniture, kitchen goods, cars, clothes, everything. With older, higher mileage cars, you shouldn't have any problem bring them in at a reasonable value.
Using outa State Exemptions, we had $6K total to cover 3 older vehicles and we made it. So it is doable. If you have issues with any of the cars, get repair estimates to fix them. That will ding the values of your cars. AND, our attny said, older cars are generally only in "Fair" condition at best.
The $15K Homestead,........ I'm not sure if you get to double that or not. None of the sites I looked at said specifically one way or the other. So that's a question to ask attnys as you Consult around.
When figuring your values, ask yourself, "Where would I buy an 8 year old sofa?" Yard sales, garage sales, 2nd hand stores. Lump things together except where expressly requested on the BK Forms. If you're like most of the rest of us, covering your things with Exemptions is probably not gonna be a problem.
Indiana went to a flat $8K/debtor for personal property. If both you and spouse file, that gives you $16K toward your personal property. That's furniture, kitchen goods, cars, clothes, everything. With older, higher mileage cars, you shouldn't have any problem bring them in at a reasonable value.
Using outa State Exemptions, we had $6K total to cover 3 older vehicles and we made it. So it is doable. If you have issues with any of the cars, get repair estimates to fix them. That will ding the values of your cars. AND, our attny said, older cars are generally only in "Fair" condition at best.
The $15K Homestead,........ I'm not sure if you get to double that or not. None of the sites I looked at said specifically one way or the other. So that's a question to ask attnys as you Consult around.
When figuring your values, ask yourself, "Where would I buy an 8 year old sofa?" Yard sales, garage sales, 2nd hand stores. Lump things together except where expressly requested on the BK Forms. If you're like most of the rest of us, covering your things with Exemptions is probably not gonna be a problem.
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