Hello,
My husband and I own two older cars. No payments on either. One is worth $2,900 private party re KBB and the other $11,695 private party re KBB. We also have a business we are hoping to keep open Sole Prop. It is not making much of a profit but it trending upwards and the equipment is all used and leased so I think our assets for it would be exempt. But do the cars eat up the exempt money? We are in CA. Would we be able to keep both cars or should we maybe sell one?
We also are being forclosed on our home. Good times.
I know no one can tell us what to do, but we value advice.
My husband and I own two older cars. No payments on either. One is worth $2,900 private party re KBB and the other $11,695 private party re KBB. We also have a business we are hoping to keep open Sole Prop. It is not making much of a profit but it trending upwards and the equipment is all used and leased so I think our assets for it would be exempt. But do the cars eat up the exempt money? We are in CA. Would we be able to keep both cars or should we maybe sell one?
We also are being forclosed on our home. Good times.
I know no one can tell us what to do, but we value advice.