I am filing Ch 7 soon and have some questions about exemptions. Using the federal exemptions would bicycles and camping gear be considered household goods? What about artwork with a combined value of $800-$1200 would that be protected under household goods?
I have photography equipment valued at $1400 (garage sale pricing) and think that it would be best to use the wildcard exemption to protect it since it exceeds the per item limit on household goods. My probono lawyer has told me it should be listed under household goods but I disagree and am worried the trustee could take my photography equipment.
I do not own a home so I can use the unused portion of the homestead exemption as a wildcard to protect my property.
I have photography equipment valued at $1400 (garage sale pricing) and think that it would be best to use the wildcard exemption to protect it since it exceeds the per item limit on household goods. My probono lawyer has told me it should be listed under household goods but I disagree and am worried the trustee could take my photography equipment.
I do not own a home so I can use the unused portion of the homestead exemption as a wildcard to protect my property.