When I first looked into filing three years ago, if I remember correctly, only a couple hundred dollars in a checking account was exempt, but from what I'm seeing on the internet now, $7,000 or more cash is exempt. Does it matter whether single or joint?
Did the law change? Is this correct?
Also, a business can exempt $3,000 in equipment, but if it is a joint filing, do they allow $6,000?
Did the law change? Is this correct?
Also, a business can exempt $3,000 in equipment, but if it is a joint filing, do they allow $6,000?
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