Legal Question in Bankruptcy in Minnesota

exempt cars for married cpl. filing ch.7 jointly
In general, how many cars can a married couple in MN keep when filing jointly for ch.7 bankruptcy? We 2 cars: 2000 Ford Focus - no loan - and a 2008 Hyundai Sonata - with a Hyundai loan CURRENT on payments.

Asked on 6/28/09, 1:21 pm

Adam Kaufman Jensen Sondrall & Persellin, P.A.

0 users found helpful

0 attorneys agreed

Re: exempt cars for married cpl. filing ch.7 jointly

If you are filing using Federal exemptions you get $3,225 for a motor vehicle exemption, so multiply that by two since you are filing jointly.

If filing under Minnesota you get $4,000 per person.

For Federal you also have the Wild Card exemption that you could use if the auto exemption doesn't cover it fully.

So it depends on the value of your cars and then what exemptions you are using.

Answered on 6/29/09, 11:00 am

Keywords

Match Any Match All

Country

State

Area of Law