In July we will be filling for ch7,we are in GA.We will not be using the homestead exemption since we owe more on our home than it's worth and we're not reaffirming. In GA. we have a $5000.00 wildcard exemption we can use on anything. My question is, my wife has an expensive watch(Rolex) thats worth approx. $3500.00(used) if we use the $5000.00 to exempt it is there any chance the trustee could still take it?
The reason I'm asking is because Iv'e consulted with 4 attorneys so far and 3 have said they don't want to hear about the watch.1 of them I really liked except for this but I want to honest and list the watch.Thanks for your replies.
The reason I'm asking is because Iv'e consulted with 4 attorneys so far and 3 have said they don't want to hear about the watch.1 of them I really liked except for this but I want to honest and list the watch.Thanks for your replies.
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