Creditors Lawyer is Contesting the Value of my Car From Motions to Exempt

[tiptip82]

I filed a motion to exempt property in North Carolina. I claimed the value of my car as $3500 and was granted it and all of my other exemptions. however, the creditor's attorney is contesting the value of my car and saying that it is worth about $4800. I believe that value assumes my car is oin good or ideal condition. The car is only in "fair"condition as defined by Kelley Blue Book (the most well-known resource for people buying used cars). They value my car at about $3700 based on its history and current condition. I'm sure that a dealership would offer me even less. If I bring the Kelley Blue Book quote, quotes from 2 or 3 dealerships, and pictures of the damage to the car and odometer reading, will this be enough to prove the value of the car is close to $3500? Should I also bring accident reports to prove how many accidents the car has been in?

 

[army judge]

You could do all that you suggest. But, is a $1,300 difference going to make that much difference when all is said and done?
I'd stipulate to the $4,800 figure, or offer to split the difference at $4,150!

 

[disagreeable]

You can think your car is worth whatever you want, so can the creditor. What matters is what the judge accepts. I suspect the judge will accept its assessed tax value, which is likely $6000, based on the numbers you threw out. I would attempt to make a deal.