2-people-Seperate households-marrrage penalty?
Posted: Wed May 11, 2005 3:54 pm
I think she is correct. See CCP 703.110
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Mark J. Markus
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----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Tuesday, May 10, 2005 10:16 AM
Subject: [cdcbaa] 2-people-Seperate households-marrrage penalty?
Greetings:
Consider if you will the following:
Husband & Wife, - separated, separate households, have for some time
(more than 6 months)
Bankruptcy filed jointly; limited assets, contested personal injury
claim -wife
Husband has Intellectual property of undetermined value, screenplay-
never marketed.
Both elect 703 exemptions,
Trustee (Amy Goldman) contends that because they are still married
and elected to file jointly they must share a single set of 703
exemptions.
Is anyone aware of Authority for this proposition? Or preferably
supporting my position that 703 exemptions are individual-
Opinions in the absence of authority?
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I think she is correct. See CCP
703.110
***********************************************Mark J. MarkusLaw
Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA91604-2652(818)509-1173(818)509-1460 (fax)e-mail: bklawr@bklaw.comweb:
The post was migrated from Yahoo.