This form is Schedule C. The form may be used to list information concerning exempt property. The form contains the following categories: description of the property; value of the claimed exemption; and current market value of the property. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
Hawaii Property Claimed as Exempt - Schedule C - Form 6C - Post 2005
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How to fill out Property Claimed As Exempt - Schedule C - Form 6C - Post 2005?
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(Official Form 106C) lists the property that you believe you are entitled to keep. If you do not claim the property on this form, it will not be exempted, despite your rights under the law. Before filling out this form, you have to decide whether you will use your state exemptions or the federal exemptions.
§ 703.140(b)(3) An unlimited exemption is allowed in household goods and furnishings, clothes and shoes, appliances, books, animals, crops, or musical instruments, which are held primarily for personal, family, or household use, so long as no single item is worth more than $725.
In general, 704 exemptions protect many specific forms of property and provide for a homestead exemption, whereas 703 exemptions protect fewer forms of property but provide for a ?wild card? exemption where a specific dollar value can be spread out to exempt any property.
The Purpose of 704 Exemptions California 704 bankruptcy exemptions protect your property from creditor collection actions. Think of chapter 7 bankruptcy like this: in chapter 7 bankruptcy, you are putting all of your property and assets up for auction.
California 704 Motor Vehicle Exemption The motor vehicle exemption protects equity in your car, truck, motorcycle, or another vehicle. The System 1 vehicle exemption is $3,625 - 704.010.
There are two places in California state law that detail exemptions for vehicles in bankruptcy. The first, California's 703 bankruptcy exemption allows a debtor to file the following exemptions for vehicles in a Chapter 7 bankruptcy: A $3,525 exemption for the equity held in a personal vehicle.