| The only way to keep something like a boat is to exempt it. If you have enough left over to protect the boat, you can keep it. If you don't, its forfeit.
Oregon's exemptions for personal property are here:
[url]http://www.bankruptcyaction.com/orexemptions.htm[/url]
With 6K in equity.. you're probably going to lose it.
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"Knowledge is Power - use it as you see fit !
I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice.
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10-06-2005, 05:44 PM
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