A free guide for Minnesota residents considering bankruptcy. Filed in D. Minn..
Whether you can keep your engagement ring depends on your state's jewelry exemption. Exemption amounts vary wildly -- from $150 in Arizona to unlimited in Texas. If your ring's value exceeds the exemption, the trustee could potentially sell it (though this is rare in practice for modest rings). Many people protect rings using wildcard exemptions.
In Minnesota: Minnesota specifically exempts one watch, one ring, and other items.
Filed in D. Minn.. Courthouse: 316 N Robert St, St Paul MN.
Whether you can keep your engagement ring depends on your state's jewelry exemption. Exemption amounts vary wildly -- from $150 in Arizona to unlimited in Texas. If your ring's value exceeds the exemption, the trustee could potentially sell it (though this is rare in practice for modest rings). Many people protect rings using wildcard exemptions.
Yes. This applies to D. Minn.. Local trustee practices may vary. Consult a qualified attorney.
316 N Robert St, St Paul MN.
Related Minneapolis Bankruptcy Resources
You May Also Find Helpful