Hi,
Yes, I totally understand. I was terrified of losing my businesses and dragged my feet on talking to a lawyer for months. Once we went over everything, he was able to exempt all of my business assets. It was a huge relief. I am in a personal ch 7. One of my businesses is a service business with very little assets the other is a small retail business with an inventory that was still able to be exempt. I had a house that is underwater by a ton of money, so I think that allows for an additional exemption amount, but honestly I'm not sure. I have a car that's 12 years old, really other than basic personal property, I didn't have much "stuff" and everything should be exempt. I will let you know how the 341 goes.
Yes, I totally understand. I was terrified of losing my businesses and dragged my feet on talking to a lawyer for months. Once we went over everything, he was able to exempt all of my business assets. It was a huge relief. I am in a personal ch 7. One of my businesses is a service business with very little assets the other is a small retail business with an inventory that was still able to be exempt. I had a house that is underwater by a ton of money, so I think that allows for an additional exemption amount, but honestly I'm not sure. I have a car that's 12 years old, really other than basic personal property, I didn't have much "stuff" and everything should be exempt. I will let you know how the 341 goes.