Car/Home Equity Questions

[KKAB]

We will be filing Chapter 7 soon. If a married couple files and we are able to double our auto equity will we be allowed to keep two vehicles, one with a loan out (for $15,000 and worth the same) and one that is paid for, but not worth much?

Also, to value our home, would a two year old appraisal work, especially if home values are going down in our town?

Thank you.

[keepmine]

You should be allowed to reaffirm the auto loan and, if the car that is paid off is below what your state exempts, there should be no problem.
You need to ask your lawyer how trustees in your district handle real estate evaluations.