How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask cfortunato Your Own Question
cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
14232603
Type Your Bankruptcy Law Question Here...
cfortunato is online now
A new question is answered every 9 seconds

In NY State using the state exemptions I see that a vehicle

Resolved Question:

In NY State using the state exemptions I see that a vehicle is exempt up to $4,000. If I have 3 vehicles that add up to under $4,000 can I exempt them all or is the exemption for only one vehicle?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 5 years ago.
Hi JACustomer,
1) What is the current market value of each car?
2) What is the balance - if any - on the car loan(s) for each one?
Customer: replied 5 years ago.

One is $1,650 KBB value

One is $1,125 KBB value

One is $700 KBB Value

 

There are no loans on any.

Expert:  cfortunato replied 5 years ago.
cfortunato and 2 other Bankruptcy Law Specialists are ready to help you