Legal Question in Bankruptcy in Minnesota
in mn would a four wheeler be exsemt under the motor vechical of 4,200 in a chapter 7
Asked on 8/04/10, 2:41 pm
1 Answer from Attorneys
David Kelly-952-544-6356
Kelly Law Office
I assume that you are talking about a four wheel all terrain vehicle - which is for recreational purposes. In my opinion, the answer in that circumstance is almost certainly no.
However, if you are going to use the federal exemptions instead of the state exemptions - and that's a big if - you have a wild card exemption of almost $12,000 which could perhaps be used in part to exempt an ATV.
This response is for general information purposes only, is not legal advice, and does not create an attorney-client relationship. Kelly Law Office is a debt relief agency, helping people file for relief under the federal bankruptcy code.
Answered on 8/10/10, 12:49 pm