can i own a vehicle and wife is paying for one when i file bankrupcy or will they make me sell my vehicle as an assett we rent and own nothing except

Asked 5/7/2009 under Bankruptcy | 208 View(s) | More Legal Topics

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Bankruptcy Law Answers

Items you can keep are called "exemptions." In Washington, you can choose exemptions under the Federal statutes or under the state statutes.

Under the Federal statute, you can keep your vehicle up to $3,225 in value. Under the Washington statute, you can keep your vehicle up to $2,500 in value. You can also keep 2 vehicles (for you and your wife) up to $5,000.

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