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What happens if an exemption filed in court by a debtor is limited to a certain amount of money? An appraiser assesses the value of
What happens if an exemption filed in court by a debtor is limited to a certain amount of money? An appraiser assesses the value of the property claimed by the debtor as an exemption. The value of the exempt property is determined based on the original purchase price. The debtor will lose his entire exemption if the property is valued over the designated amount. The debtor has the burden of proving the value of the exempt property. The creditor has the burden of proving the value of the exempt property. 
What happens if an exemption filed in court by a debtor is limited to a certain amount of money?
An appraiser assesses the value of the property claimed by the debtor as an exemption.
The value of the exempt property is determined based on the original purchase price.
The debtor will lose his entire exemption if the property is valued over the designated amount.
The debtor has the burden of proving the value of the exempt property.
The creditor has the burden of proving the value of the exempt property.
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