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Joint Bankruptcy Claim

Posted on Tuesday, August 01, 2006


If my husband and I file a joint claim for bankruptcy, do we each get to keep the exempted amounts, or would we jointly keep the exempted amounts? For example, would we each keep furniture up to $11,300? vehicles up to $5,650? or up to these amounts in total between the two of us?

1 Comments:

At 10:13 AM, Blogger J. Douglas Hoyes, CA, Trustee said…

The exemptions apply per person, so yes, you would each get to claim the exempted amounts. I suggest you contact a trustee for more information.  

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