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If my household goods are 12,000 above the exemption amount do they come and take them away? Can I choose to pay for them somehow after the bankruptcy?
If you want to keep them, you can buy them back from the Trustee. If you don't want them, then you can surrender them. Whether or not the Trustee will actually take them is up to the Trustee.
Ditto what helpmeout said, But from one of your other posts, If you bought these items while married you may be able to claim all of them exempt via Tenants by Entireties
what valuations are you using on your house hold items? Are you using retail? - you should be using something along the lines of garage sale values because all items are used, and many of them no one would purchase used anyways (i.e., mattresses)
It was hard for us to value all our stuff at garage sale prices, but our first walkthrough we came up with a value of around 14K, once we went garage sale on pricing, we came up with 2,300 including major kitchen appliances and jewelry.
Stopped paying: 08/10, Filed CH7: 08/27/10 , 341 & No Asset Report: 10/6/10, Last day to object: 12/06/10, Discharged: 12/07/10, Closed: 12/08/10
AHEM.....NOT AN ATTORNEY, NOT ADVICE, ETC, ETC
Ditto the others, your possessions are not worth $12k. You know the real housewives of NJ star that spent $100k on her furniture on one of the first episodes? When she filed bk (like a year later), her petition lists all that furniture for less than $5k!
Filed Chapter 13 on 2-28-10. 341 completed 4/14/10. Confirmed 5/14/10. Lien strip granted 2/2/11
0% payback to unsecured creditors, 56 payments down, 4 to go....
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