Posted on October 5, 2009 at 12:59 am I live in Washington and im thinking about a chapter 7 bankruptcy because my house just went into forclosure. The problem is I have about 14k in cash that I know I could not exempt. Would it be possible to use the 14k for the purchace of a motor home, and then exempt the motor home as my homestead or residence? Does anyone know!?   Would this same strategy work for a boat? in other words, could i buy a boat with my cash and exempt it as a "homestead"? obviously I would have to have it moored in the harbor and pay utility costs, etc. to prove it is my residence. I guess the question is, would a boat be considered a non-exemptible asset or an exemptible homestead? I think it would just depend on whether or not i can prove it as a residence.   Any advice is greatly appriciated. Thanks!

Posted on November 16, 2009 at 5:03 am Hi Washington's bankruptcy exemption for homestead is $125,000 (since July 2007) and it's $2,000 for motor vehicles.The problem is I have about 14k in cash that I know I could not exempt. Wait, why are you filing for bankruptcy again?