What happens to my electronics after bankruptcy in Utah?
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Most people use the Utah Code Ann. § 78B-5-505 (1)(a)(viii) exemption to cover their electronics in Utah Chapter 7 bankruptcy cases.
Utah does not allow the use of federal exemptions. You will have to use the state exemption scheme.
Under that scheme, most people use Utah Code Ann. § 78B-5-505 (1)(a)(viii) to exempt electronics in Utah bankruptcy cases.
Utah Code Ann. § 78B-5-505 (1)(a)(viii) is typically used to cover household goods and furnishings. bed, beddings, carpet. For single debtors filing, it has no coverage limit.
Here is a list of some statutes available in Utah that are available for filers.
It is worth taking your time on these exemptions. If you do not cover an asset with an exemption in a Utah bankruptcy case, it may be seized by a trustee. If you do not feel comfortable with these decisions and want assistance, read more about exemptions or consider using our free bankruptcy help.
When filing Chapter 7 or Chapter 13 bankruptcy you must report your assets. Exemptions are the laws that allow you to protect those assets from being taken by a Trustee. Take your time with this so you avoid losing property.