Bankruptcy Exemptions In California

IN
CALIFORNIA
BANKRUPTCY
EXEMPTIONS
@nathanaberneman

BANKRUPTCY
A bankruptcy exemption is a law
that was created to help protect
your property in the course of a
bankruptcy.
EXEMPTIONS
@nathanaberneman

How Do Exemptions
With chapter 7 bankruptcy you are
going to be able to talk to your lawyer
and find out just what you can and
cannot sell to pay back creditors.
Work?
With chapter 13 bankruptcy you are
going to be able to reduce
payments to your unsecured
creditors like credit card companies.
@nathanaberneman

California State
Bankruptcy Exemption
In the state of California you can exempt things like the
property that you reside in, even if this is a mobile
home, your boat, an apartment, condo or other areas if
you are not disabled up to the value of $75,000.
Law
You can also exempt artwork, your car up to a certain
value, and your personal property up to a certain
amount as well.
@nathanaberneman

What Do Property
Bankruptcy
Exemptions protect a range of different properties.
First and foremost it protects your home up to a certain
amount.
Exemptions Protect?
You may be able to keep your personal property as well
like your clothes, your television and your computer.
Of course, all of the property that you are able to keep
is based on its value. You are not going to be able to
keep millions of dollars in personal property
@nathanaberneman

@NATHANABERNEMANAPC
nate@nbrlawgroup.com
888.200.4443