What Are the California Bankruptcy Exemptions?

California bankruptcy exemptions are a set of legal limits that determine the amount of property a debtor can keep in a Chapter 7 or 13 filing. These exemptions can vary depending on the type of filing and state where it is filed, with California offering some of the most generous exemptions in the U.S. Knowing what these exemptions are and how they work is essential to getting a successful outcome from your bankruptcy case.

The state's primary exemption is known as the California Wildcard Exemption, which allows debtors to protect up to $3,650 worth of any kind of personal property. This includes cash, bank accounts, cars, furniture, jewelry, books and other items you might own.

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