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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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Old 07-25-2004, 09:28 PM
Phil1985
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Was under 18 when parents filed, now I'm 19--how will I be affected?


What is the name of your state? Arkansas

Hi, my parents filed for Chapter 13 bankruptcy when I was but a minor; I was either 16 or 17, can't remember.

Now I'm 19, but I still live with my parents, and they are still in Chapter 13 bankruptcy. They are considering filing for Chapter 7 because of the many financial strains that we've beared thus far.

My question is how will I be affected if this happens? I don't have many possessions, but I do have some. The majority of them were given to me by my parents before they ever filed. Since I'm 19 now, are they legally mine or not?

My dad said that I might have to prove they're mine. Excuse me, but WTF? How can I prove that my bed is my bed, for example? (Only a bed, I know, but like I said I don't have many possessions so I'd like to keep the ones I have. And hey, it's a really nice bed. )

My ownership of the few possessions that I have rightfully paid for myself is hard to prove because I've always went through friends to purchase them. (I have no debit or credit card, so I use a friend's when ordering, etc.)

Last edited by Phil1985; 07-25-2004 at 09:31 PM.
  #2  
Old 07-25-2004, 09:57 PM
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Join Date: Apr 2004
Location: Boston
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In most consumer bankruptcy cases, furniture and other household goods easily fit within the available exemptions. This is because they need to be valued at what they would bring in a forced sale, and most used furniture has little value.
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