What personal property exemptions does Washington offer in bankruptcy?
RCW 6.15.010 provides, among others, a bankruptcy-specific exemption of up to $10,000 for any other personal property, a $6,500 aggregate cap for household goods, appliances, furniture, and yard equipment, and $10,000 for tools of the trade. The $10,000 catch-all is valued as of the date the petition is filed, by the statute's own terms.
What valuation standard applies on Washington bankruptcy schedules?
Replacement value: the price a retail merchant would charge for property of that kind given its age and condition, under 11 U.S.C. § 506(a)(2). That means used-market pricing rather than original purchase price, and Washington practice guidance emphasizes looking to actual used markets for vehicles, furniture, and equipment.
Can Washington filers choose the federal exemptions instead?
Yes. Washington is not an opt-out state, so a debtor domiciled in Washington for the 730 days before filing may elect either the federal list under 11 U.S.C. § 522(d) or the state exemptions in RCW 6.15. More recent arrivals apply the prior state's exemption law, which changes which caps their property is valued against.
How are contested exemption values resolved under Washington law?
Through a sworn appraisal list. When exempt personal property is contested, RCW 6.15.010(4) requires appraisers to itemize the debtor's selected property, state each article's value, and attach an affidavit swearing the figures are a fair cash valuation, signed by at least two appraisers, with a statutory fee allocated based on the outcome.