Bankruptcy Reform - Section 313


Section 313: Definitions of Household Goods  11 USC 522

   "...the term 'household goods' means --

    a.  clothing
    b.  furniture
    c.  appliances
    d.  linens
    e.  china
    f.   crockery
    g.  kitchenware
    h.  educational materials and equipment for minor dependent children
    i.   medical equipment and supplies
    j.   furniture exclusively for minor children, elderly or disabled dependents
    k.  personal effects (including toys and hobby equipment of the minor 
         dependents) and wedding rings
    l.   ONE RADIO, ONE TV, ONE VCR AND ONE PERSONAL COMPUTER 

    NOT INCLUDED --

    a.   artwork (unless by or of the debtor or relative)
    b.   electronic equipment with a fair market value in excess of $500 in the
          aggregate;
    c.   antiques with a fair market value in excess of $500 in the aggregate;
    d.   jewelry with a fair market value in excess of $500 in the aggregate (excluding
          the wedding rings);
    e.   a computer (except 1 as indicated), motor vehicle, lawn tractor, boat, 
          motorized recreational device, conveyance, vehicle, watercraft or aircraft.

    Not more than one tv, vcr and stereo.  Not more than one computer.  No 
    collectibles...ANY.   No riding lawn mower, no pools for the kids, hot tubs bought
    with the house.   No decorations for the holidays.   They will probably question a 
    gas-grill.  No ATV, scooters, adult ski equipment, adult bicycles or guns.

    As a general rule, we exempt pets using "household goods"...does this mean no
    pets?

Return

Bankruptcy Page

HOME