Understanding Exemptions

[OhioFiler]

What a source of information this forum is! Those of you willing to offer advice who have blazed the trail for those of us contemplating bankruptcy have much kudos due.

I have a couple questions about exempt property.

How is value determined for typical household goods such as electronics, furniture, appliances and clothing?

Is the listed exemption amount per case or per person? If it's per case, it seems to punish larger households. Ohio offers a household goods exemption of $10,775. We have 2 adults and 2 children in this household. Are we limited to the same exemption as someone who lives on his/her own?

Ordering the Nolo book is first on my agenda once payday occurs this Friday.


Again, thanks to all who volunteer their advice and experiences.

[JRScott]

Household goods are figured on a yard sale value basis. If you were to hold a yard sale this coming weekend, what could you expect to get for the item. This is a yard sale where you plan to let it all go in one sale. (Most people over value their items, for example a pocket knife given by a grandfather has an emotional attachment, but to others its just a pocket knife and might fetch a dollar at a yard sale).

The exemption for household goods is generally per case. Some states do allow double automobile exemption for married couples, others do not.