[CLBS] Can I stack car exemptions on one car?

[Randy French]

I won't object if you do.  Yes, you can use both car exemptions to exempt up
to $14,000 of equity in a car.  Issues to consider:  do both debtors have
their names on the title?  If one has no ownership interest, there may be an
issue whether that one can exempt equity in a car that he or she does not
own.  If the car was titled in one debtor's name only, was the car community
property?  If it is community property, then I think the debtor whose name
is not on the title would have a sufficient ownership interest to allow that
person to use his or her exemption on it.

Good luck.


Thanks.
Randy French

Law Office of Randal J. French, P.C.
Attorneys at Law
P.O. Box 836 
Boise, ID 83701 
(208) 859-6881

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-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of Holly Roark
Sent: Thursday, July 27, 2017 4:35 AM
To: 'Bankruptcy list'
Subject: [CLBS] Can I stack car exemptions on one car?

If H & W file, can I stack both $7K auto exemptions on one car? CH 7.

 

Best regards,

HOLLY ROARK

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Certified Bankruptcy Specialist -

By the State Bar of California Board of Legal Specialization

 

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