Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Can you tell me your state?
Although bankruptcy law is federal law and prescribes federal bankruptcy exemptions, every state has its own set of exemptions. In terms of items exempted, these are similar to the federal exemptions but the exemption amounts differ from state to state. (Lots of variation in amounts).Some states have very generous exemptions while others don't.
And some states have addressed RV as homestead and some have not.
As in many homestead issues, the facts of any particular case would determine the result. If an RV owner wanted to use the RV as a principal residence and protect the investment under Florida homestead laws, for example, he should set up permanent rented lot with utility facilities and use that as RV’s permanent location. The more the RV is used on the road the less likely you could use the homestead exemption.
Can you tell me your state? And we'll go from there
Ok I still don't see you coming into the chat.
Without your state, I can't give you ALL the details, but likely, if you DO use as a residence you can..
Again, if you can tell me your state, I can give you a much more specific answer.
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