Could I combine the wildcard exemption with another exemption in bankruptcy? 8 Answers as of August 25, 2015

Can I combine the wildcard exemption with another exemption? For example, if the remaining balance on a purchase note for a motor vehicle is $11,630, can I use the wildcard plus the $3,450 vehicle exemption to exempt the vehicle completely? Also, can any unused value of the wildcard exemption be used for multiple items?

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Ronald K. Nims LLC | Ronald K. Nims
Yes, you can combine exemptions. But it's probably unnecessary. The trustee isn't going to try to sell a vehicle unless the equity is very large.
Answer Applies to: Ohio
Replied: 8/19/2015
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Yes, that is the purpose of the wildcard. You just can't mix it with an exemption that starts with "704".
Answer Applies to: California
Replied: 8/19/2015
CARL C SILVER ATTORNEY AT LAW
CARL C SILVER ATTORNEY AT LAW | Carl C Silver
Yes, that is what it is for.
Answer Applies to: Michigan
Replied: 8/19/2015
Stephens Gourley & Bywater | David A. Stephens
That would be a yes.
Answer Applies to: Nevada
Replied: 8/25/2015
A Fresh Start
A Fresh Start | Dorothy G Bunce
That is sort of what the wildcard exemption is there for. However, the wildcard exemption in Nevada can only be used to protect personal property, not real estate.
Answer Applies to: Nevada
Replied: 8/18/2015
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