Park City, UT asked in Bankruptcy for Utah

Q: Am I allowed to file an exemption on a piece of property I own if it's not my primary residence?

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2 Lawyer Answers
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Not unless you have certain state exemptions in Utah that allow you to do so.

Michael Sundwall
Michael Sundwall
Answered
  • Bankruptcy Lawyer
  • Bountiful, UT
  • Licensed in Utah

A: Utah homestead exemption laws allow you to exempt up to $5,000 for an individual or $10,000 for a married couple of equity in real estate that is not being used as your primary residence.

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