Exemptions....

[Licoriceky2]

[SMinGA]

It depends on the state, and some states allow you to choose the state exemptions or the federal exemptions.

A simple Google search on 'bankruptcy exemptions' comes up with many sites that list them, here is one where you can choose your state. Apparently KY does NOT allow federal exemptions.

http://www.filing-bankruptcy-form.com/bankruptcy-exemptions.html

Clothing/jewely/home furnishings: $3000
Vehicle: $2500
Wildcard: $1000

Can probably be doubled for filing joint. There are other categories, these are the main ones.

[SMinGA]

Keep in mind that most people DO NOT lose things in a ch. 13.

The value of your non-exempt assets just sets a minimum amount you must repay to non-secured creditors over your plan. Do you have any priority debts? Taxes, mortgage arrears, secured vehicle loans to be paid in the plan? If not, then all except for what goes to your atty & the trustee go to unsecured creditors.

Such as if you're going to pay $1000/mo x 60 with a 10% trustee fee and have $3000 owed to the atty in the plan:

$1000 x .90 = $900 a month after TT fee
$900 x 60 = $54,000
$54,000 - $3,000 to atty = $51,000 to unsecured

In this example, as long as your non-exempt assets do not exceed $51,000 you are fine.

The #s you posted point to about $29,000 in non-exempt assets. That is the $5000-7000 in the bank, $7000 of household goods/furnishings/etc., and $17,000 in the vehicle. Less the $2000 wildcard. So you'd need to pay enough that unsecured creditors get at least $29,000.