We are Chapter 7; 341 mtg is May 1 (12 days).
After reading (forever
) on this forum I realized that I hadn't exempted enough. My primary concern is a sizable tax refund due to us from the the IRS.
We will be a no asset case......we don't own our home, our car is my mother's, we've pawned all of our jewelry in the last 2 years, and no real personal property. My husband became disabled last year and is still on Workers Comp and I was laid off in September 08. Our income is WELL below the median and our family size is 6 people. So, having to prove we have no assets should be ridiculously easy! LOL
What we do have, though, is some furniture, TV's, a computer, tools of the trade for my husband, and the IRS refund. Oh, and 150.00 cash. Woo hoo!
Basically, I've asked that all of the above be exempted and each category is well below the allotted amount for exemption in Maryland. The IRS refund I used as the Wildcard and if I understand the law here, my husband and I both can claim 6,000.00 so we are still 4,000.00 away from that limit.
If I exempt these things, can they be touched by the trustee? Literally, all we have to our name these days is worth 13,000.00 and most of it is used furniture and a TV. That's it..............pretty sad, I know, but we've had to pare down and deal with the fact that we're living off of 1500.00 a month and that's it.
Just need some guidance on the exemption before I submit the ammendment on Monday. I don't wanna raise a red flag.
Thanks!
After reading (forever
) on this forum I realized that I hadn't exempted enough. My primary concern is a sizable tax refund due to us from the the IRS. We will be a no asset case......we don't own our home, our car is my mother's, we've pawned all of our jewelry in the last 2 years, and no real personal property. My husband became disabled last year and is still on Workers Comp and I was laid off in September 08. Our income is WELL below the median and our family size is 6 people. So, having to prove we have no assets should be ridiculously easy! LOL
What we do have, though, is some furniture, TV's, a computer, tools of the trade for my husband, and the IRS refund. Oh, and 150.00 cash. Woo hoo!
Basically, I've asked that all of the above be exempted and each category is well below the allotted amount for exemption in Maryland. The IRS refund I used as the Wildcard and if I understand the law here, my husband and I both can claim 6,000.00 so we are still 4,000.00 away from that limit.
If I exempt these things, can they be touched by the trustee? Literally, all we have to our name these days is worth 13,000.00 and most of it is used furniture and a TV. That's it..............pretty sad, I know, but we've had to pare down and deal with the fact that we're living off of 1500.00 a month and that's it.
Just need some guidance on the exemption before I submit the ammendment on Monday. I don't wanna raise a red flag.
Thanks!
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