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Thinking about filing chapter 7

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  • Thinking about filing chapter 7

    I have a question about chapter 7: I am a musician and have a home studio.
    I use this equipment in my work. It's value together is less than $5000.00.
    Is there a chance I could lose this during the BK?

    ps I live in Arizona



  • #2
    Thinking about filing chapter 7

    Russell Smith wrote:
    I have a question about chapter 7: I am a musician and have a home studio. I use this equipment in my work. It's value together is less than $5000.00. Is there a chance I could lose this during the BK? ps I live in Arizona
    Think of garage sale value. That stuff is maybe worth $1000. Even if
    it isn't, state that in your papers.

    Comment


    • #3
      Thinking about filing chapter 7

      Russell Smith wrote:
      I have a question about chapter 7: I am a musician and have a home studio. I use this equipment in my work. It's value together is less than $5000.00. Is there a chance I could lose this during the BK? ps I live in Arizona
      Think of garage sale value. That stuff is maybe worth $1000. Even if
      it isn't, state that in your papers.

      Comment

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