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#1
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Personal Property Exemptions?What is the name of your state? CA I'm looking over the California System 2 excemption list, and under PERSONAL PROPERTY, 703.140 (b)(3) it says: "Animals, crops, appliances, furnishings, household goods, books, musical instruments & clothing to $450 per item" ...but it doesn't list an "up to" value. Is there one? Also, what if something doesn't exactly fit a category? For example, would a bike be exempt under this (assuming the value is less than $450)? Thanks in advance, Dan Last edited by giulveza; 02-09-2004 at 07:03 PM. |
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#2
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| Is this 'bike' a bicycle or a motorcycle ?? If its a bicycle, its personal property, but a motorcycle would be considered a vehicle (as well as personal property). System 2 exemptions also says : "Real or personal property, including co-op, used as residence to $15,000; unused portion of homestead may be applied to any property" So, I believe that means a MAX of 15K and no more than $450 PER ITEM.
__________________ "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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