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https://bankruptcylawnetwork.com/can-i-keep-jewelry-in-bankruptcy/
If you own the jewelry free and clear, meaning that it isn’t security for a loan, the answer depends on how much it’s worth and how much you can exempt. I previously wrote a fairly detailed blog discussing “What Are Exemptions (or What Can I Keep in Bankruptcy),” which I recommend reading. In some states, a wedding band and engagement ring, regardless of value, are fully exempt, meaning that you can keep …
https://nybankruptcy.net/main/what-you-need-to-know-about-new-york-jewelry-exemptions/
Dec 20, 2012 · The federal exemptions, of which New Yorkers can avail themselves, offer a $1,450 jewelry exemption and up to $10,825 in the leftover homestead exemption. Non-homeowners and homeowners whose mortgages are underwater can use up to $10,825 instead of the homestead exemption and $1,150 in a wildcard exemption. It’s tempting but do not omit jewelry from your bankruptcy schedules and do not neglect to tell your bankruptcy …
https://www.dellutrilawgroup.com/blog/2019/october/can-i-keep-my-jewelry-when-i-file-for-bankruptcy/
Oct 09, 2019 · It's important to note that if you have jewelry that is very expensive, you will need to work with your attorney on exemption planning as the value of your jewelry may affect how much you're required to repay your creditors. Jewelry in Chapter 7 Bankruptcy. Chapter 7 bankruptcy works differently than a Chapter 13 bankruptcy.
https://blog.nolo.com/bankruptcy/2014/06/05/worried-about-losing-your-wedding-ring-or-other-jewelry-if-you-file-for-bankruptcy/
Jun 05, 2014 · Some state bankruptcy courts have ruled that a debtor can exempt a moderately-priced watch, cufflinks, or other modest jewelry item under the wearing apparel exemption. Wildcard exemption. A wildcard exemption allows you to apply a certain dollar amount to any type of property.
https://stcharlesbankruptcylawyer.com/jewelry-in-bankruptcy/
Aug 24, 2016 · Bankruptcy Exemptions Applicable to Jewelry. Jewelry has two specific exemptions. The first is dedicated to wedding rings. The second is dedicated to “other jewelry”, commonly referred to as “costume jewelry”. In St. Louis and in all of Missouri, wedding rings are protected as an asset in bankruptcy up to a value of $1500 per debtor.Estimated Reading Time: 3 mins
https://www.sandiego-bankruptcylaw.com/blog/2014/11/29/jewelry-when-filing-bankruptcy/
Nov 29, 2014 · For San Diego bankruptcy filers, in order to determine what property you can keep you must select from a set of exemptions, either the California set or the Federal set (more precisely, California’s set of federal-like exemptions.) As of April 2019, the California exemptions allow you to keep $8,725 worth of jewelry.
https://www.nolo.com/legal-encyclopedia/federal-bankruptcy-exemptions-property.html
Personal Property Exemptions Protect Your Belongings. Personal property includes all property you have other than real estate. Here are some commonly-used federal personal property exemptions and the amount you can claim as of April 1, 2019: $4,000 for your motor vehicle. (11 U.S.C. § 522(d)(2).) $1,700 for jewelry. (§ 522(d)(4).)Author: Cara O'neill, Attorney
https://www.thebalance.com/federal-bankruptcy-exemptions-316163
May 12, 2021 · Your equity is the value of the vehicle if you don't have a car loan. If you have a car loan, your equity would be the value of the vehicle less your loan balance. Jewelry: Items up to $1,700 in value are exempt. Tools of the trade: Up to $2,525 of professional books or tools you need for work are exempt.Estimated Reading Time: 6 mins
https://www.bruceplc.com/michigan-chapter-7-bankruptcy-exemptions/
Mar 06, 2021 · There is a $1,700 federal exemption for jewelry. There is no specific exemption for jewelry under the Michigan state exemption system. Jewelry is included in the household goods exemption for the state of Michigan. Wildcard exemption. The federal exemption system also has a wildcard exemption. The wildcard exemption can be used on any property the Debtor chooses. The current federal bankruptcy exemptions amount for a wildcard exemption …
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