California Bankruptcy Exemptions Explained

When you file for bankruptcy in California, certain types of property are exempt from creditor claims. Exemptions provide protection for your equity in items such as your home, car, and personal belongings.

The amount of the exemption varies depending on the type of property and its value. For example, the home exemption is capped at $175,000 for a single person and $350,000 for a married couple.

Some types of property are exempt regardless of their value. These include items like tools of your trade and certain public benefits.

To learn more about which assets are exempt in California bankruptcy, speak to an experienced bankruptcy attorney.

The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.

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