Bankruptcy Exemptions In California
A bankruptcy exemption law protects your property in the course of bankruptcy. Read the blog to know about bankruptcy exemptions in California. Bankruptcy is a serious thing because it helps you reset your life & making sure you take the time to learn all that you can about bankruptcy.
A bankruptcy exemption law protects your property in the course of bankruptcy. Read the blog to know about bankruptcy exemptions in California.
Bankruptcy is a serious thing because it helps you reset your life & making sure you take the time to learn all that you can about bankruptcy.
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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