I have 15,000 worth of recently purchased jewelry (90 days ago) due to a Bipolar spouse run rampant. My attorney said to value it according to what a pawn shop would buy it from you for. Not retail as suggested from the sticky on how to value exemptions. I took the jewelry to a pawn shop and did not tell the place what I was doing, they said I could get 1500 for it. Apparently the gold is what drives the value, not the stones (unless diamonds) or the workmanship or price you originally paid. My spouse purchased the stuff at Dillards where they have those 80% off sales with an additional 60% savings coupon, etc. I told the guy the truth about why I needed to sell them (just to get a value from him), and he stated that he had testified in court a few times concerning jewelry values, and wrote the value of my stuff down on a piece of paper and signed it. I haven't had my meeting with the lawyer to sign zee papers, but I hope all that floats. The pawn shop guy also said he was overstocked, from handing out money for jewelry. Seems like even if it was worth 15,000, nobody would want to buy it anyway. I wonder what the trustee will do...?
![blink](https://www.bkforum.com/core/images/smilies/blink.gif)
Comment