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  • Jointly owned vehicles in a single-file chapter 7

    We have two vehicles. One is titled in just my husbands name and the other is jointly titled in both of our names. UT allows $2500 per filer, or $5K if both filing. Both of our cars are worth about the $2,500 ea. His is a 12 year old Mustang and mine is a 9 year old minivan and both are paid off. ...
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  • NoTomatoCan
    started a topic Unsecured Debt Limit Question...

    Unsecured Debt Limit Question...

    Met with our attorney today. Good news on the 401k front - our Trustee and Judge allow 401k loans and contributions so long as there was significant history of contributions. Haven't filed yet, but due to a CH7 BK 12 years ago with the same judge, I will automatically have this judge and his one trustee...
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  • deadbeat
    started a topic married with 2 cars - each jointly owned

    married with 2 cars - each jointly owned

    Hi all. I'm a longtime lurker and this is my first post.

    My wife and I will likely be filing a joint Chapter 7 BK in Illinois before year end. We own (with no loans) 2 cars that are titled in both of our names as joint owners. They are both "clunkers", so I WAS pretty sure...
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