I recently started working as a pizza delivery driver. My car is worth more than the vehicle exemption amount in my state. However would I still be able to keep my car and have it be exempt since I need it for work? Any help would be much appreciated.
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Would my car be exempt in Ch. 7?
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You will probably need to pay the trustee the amount of value over the exempted amount to keep it. You need a car for your job, you don't need that particular car for your job, if you know what I mean. Say the car is worth $7000 and your exemption is $2500, the trustee would take the car, give you $2500 with it, and tell you to buy a $2500 car to do your job. Sorry!Filed CH 13 September 17, 2007
Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013!
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If the vehicle is necessary for your job (delivery driver definitely needs a vehicle) then you can use the tools of trade exemption as well. In most states, that exemption is from $5k to $25k. I exempted a 2006 Cadillac Escalade for a client who had to use his vehicle to deliver product to his clients after hours and couldn't use the company truck.
Good LuckDisclaimer: I am not an actor on TV, but I play a BK Paralegal in real life. Nothing I say should be construed as legal advice, or really anything but entertainment. Please seek out professional help.
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