Norwalk, CT asked in Bankruptcy for Connecticut

Q: As a music teacher, I know that my piano is exempt in a chapter 7 case; but is there a limit on it's dollar value?

I can easily find the list of exempt property in a CT bankruptcy case, but I can't find anything regarding caps on monetary value. Are there any?

Related Topics:
1 Lawyer Answer
Max Lavit Rosenberg
Max Lavit Rosenberg
  • Bankruptcy Lawyer
  • Stratford, CT
  • Licensed in Connecticut

A: You need to discuss this with an experienced bankruptcy attorney and should never never never try and handle your own case. That being said, I would exempt your piano under your wildcard or tools of the trade but it would all depend on how that matches up with your other property and exemption statutes. Bankruptcy is a work of art that should not be underestimated. From your question, I gather that you know enough to be dangerous to yourself but not much else. Do yourself a favor. Understand that you are not a lawyer who focuses on bankruptcy and find one who does.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.