Exemptions Protect Assets - California Chapter 7 & Chapter 13 Exemptions

Chapter 7 Bankruptcy Exemptions El Cajon , Chapter 7 Attorney

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Chapter 7 & Chapter 13 Bankruptcy Exemptions, California Bankruptcy Attorney

Exemptions Protect Assets - California Chapter 7 & Chapter 13 Bankruptcy Exemptions

BK exemption in California. List of 703 & 704 bankruptcy exemptions for personal & real property and retirement. Know what property are protected prior to filing bankruptcy.

Exemptions Protect Assets - California Chapter 7 & Chapter 13 Exemptions

Chapter 7, Chapter 13 Bankruptcy

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Chapter 7 El Cajon Bankruptcy Exemptions, Chapter 7 Bankruptcy

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(619) 447-6780

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El Cajon , CA We are a debt relief agency. We help debtors to file for relief under the Bankruptcy Code.

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Chapter 13, Chapter 7 Bankruptcy

LIST OF CALIFORNIA EXEMPTIONS

You can only use one of the set of exemptions. Either under section California Civil code, (CCC) 704 or CCC 703 to protect your assets. You are not allowed to pick from both of them. These code sections are updated every three years. The revision will be in 2013. Always check with your attorney before using any information on this or any web site including this one since laws can be change at any time. This is free information NOT legal advice! Laws are always subject to change.
California Exemptions - Description of Assets Option 1 - C.C.C. 704	Code Section
HOMESTEAD This applies to real or personal property you occupy (can live in) including mobile home, boat, cooperative, community apartment, planned development or condo. The Exempt amount to $75,000 if single and not disabled; $100,000 for families if no other member has a homestead (if only one spouse files, may exempt one-half of amount if home held as community property and all of amount if home held as tenants in common), $175,000 if 65 or older, or physically or mentally disabled; $175,000 if 55 or older, single and earns under $15,000 or married and earns under $20,000 and creditors seek to force the sale of your home; sale proceeds exempt for 6 months after received (husband and wife may not double).	California bankruptcy exemptions protects your property from creditors. List of bankruptcy exemptions. Free consultation with a Bankruptcy Attorney, near El Cajon , CA 704.710, 704.720, 704.730 List of bankruptcy exemptions for California real and personal property. Know what property are exempt. Free chapter 7 & 13 consultation, El Cajon CA
PERSONAL PROPERTY Appliances, furnishings, clothing and food needed	704.020
Bank deposits from Social Security Administration to $2,700.00 ($4,050 for husband and wife) Bank deposits of other public benefits to $1,350 ($2,025 for husband and Wife)	704.080
Building materials to $2000 to repair or improve home (husband and wife may not double)	704.030
Burial plot	704.200
Health aids	704.050
Jewelry, heirlooms and art to $6,750 total (husband and wife may not double)	704.040
Motor vehicles to $2,550, or $2,550 in auto insurance if vehicle(s), lost, damaged or destroyed (husband and wife may not double)	704.010
Personal injury and wrongful death causes of action	704.140 (a) 704.150 (a)
Personal injury and wrongful death recoveries needed for support; if receiving installments, at least 75%	704.140(b), (c), (d), 704.150 (b), (c)
May file homestead declaration	704.920
INSURANCE Disability or health benefits	704.130
Fidelity bonds	Labor 404
Fraternal unemployment benefits	704.120
Homeowner’s insurance proceeds for 6 months after received, to homestead exemption amount	704.720 (b)
Life Insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors	Ins. 10132, Ins. 10170, Ins. 10171
Matured life insurance benefits needed for support	704.100 (c)
Unmatured life insurance policy loan value to $10,775 (husband and wife may double)	704.100 (b)
MISCELLANEOUS Business or professional licenses	695.060
Inmates’ trust fund to $1,350 (husband and wife may not double)	704.090
Property of business partnership	Corp. 15025
PENSIONS County employees	Gov’t 31452
County firefighters	Gov’t 32210
County Law Enforcement officers	Gov’t 31913
Private retirement benefits, including IRAs, 401K and Keoghs (Rational and Roth IRA's to $1,095.00)	704.115
Public employees	Gov’t 21201
Public retirement benefits	704.110
PUBLIC BENEFITS Aid to blind, aged, disabled, AFDC	704.170
Financial aid to students	704.190
Relocation benefits	704.180
Unemployment benefits Form the State	704.120
Union benefits due to labor dispute	704.120(b)(5)
Workers’ compensation	704.160
TOOLS OF TRADE Commercial Vehicle (vehicle Code 260) to $4,850 ($9,700 total if used by both spouse in same occupation)
TOOLS OF TRADE Tools, implements, materials, instruments, uniforms, books, furnishings, equipment, vessel, motor vehicle to $6,750 total; to $13,475 total if used by both spouses in same occupation (cannot claim motor vehicle under tools of trade exemption if claimed under motor vehicle exemption)	704.060
WAGES Minimum 75% of wages paid within 30 days prior to filing	704.070
Public employees vacation credits; if receiving installments, at least 75%	704.113
Option 2 Most of this is under CCC 703 NOTE: Married couples may not double any exemptions listed below. In other words they treat a married couple as a single entity and not as two individuals.
California Exemption Description of Assets	LAW SECTION
HOMESTEAD Real or personal property, including co-op, Condos, mobile home used as residence to $22,075.; unused portion of homestead may be applied to any property. This is sometime called a wild card.	703.140 (b)(1)
PERSONAL PROPERTY Animals, crops, appliances, furnishings, household goods, books, musical instruments and clothing to $550 per item	703.140 (b) (3)
Burial plot to $22,075. in lieu of homestead	703.140 (b) (1)
Health aids	703.140 (b) (9)
Jewelry to $1,425	703.140 (b) (4)
Motor vehicle to $3,300	703.140 (b)( (2)
Personal injury recoveries to $20,725 (not to include pain and suffering; pecuniary loss)	703.140 (b) (11) (D, E)
Wrongful death recoveries needed for support	703.140 (b) (11) (B)
Insurance - Unmatured Life insurance Contact accrued avails to $11.075	703.140 (b) (11) (8)
INSURANCE Disability benefits	703.140 (b) (10 (C)
Life insurance proceeds needed for support of family	703.140 (b) (11) (C)
Unmatured life insurance contract accrued avails to $9,300	703.140 (b) (8)
Unmatured life insurance policy other than credit	703.140 (b) (7)
MISCELLANEOUS Alimony (Spousal Supprt), child support needed for support	703.140 (b) (10) (D)
PENSIONS Traditional and Roth IRAs, to 1,171,150 per person.	11 U.S.C. 522(b)(3)
PENSIONS ERISA-Qualified Benefit for Support	703.140(b)(10)(e)
PENSIONS Tax- exempt Retirement Account, Including 401K, 403(b)'s, Profit-sharing and Money Purchased plan, SEP and Simple IRAs and defined benefit plans.	703.140 (b) (10) (E) 11 U.S.C. 522(b)(3)(c)
PUBLIC BENEFITS Crime victim’s compensation	703.140 (b) (11) (A)
Public Assistance	703.140 (b) (10) (A)
Social Security	703.1400 (b) (10) (A)
Unemployment compensation	703.140 (b) (10) (A)
Veterans’ benefits	703.140 (b) (10) (B)
TOOLS OF TRADE Implements, books, and tools of trade up to $2,200	703.140 (b) (6)
WAGES NONE
WILD CARD $1,175 of any property	703.140 (b) (5)
Plus unused portion of homestead or burial exemption, of any property	703.140 (b) (5)
When you come into my office you will not be treated like a number. For over 20 years I have given personal service to my clients in El Cajon , and in the East County of San Diego. My law office is not a bankruptcy mill. We are honest and upfront about bankruptcy fees and costs. You get personal bankruptcy debt relief advice.

Office Location: 365 Broadway, Suite 203

El Cajon, California

(619) 447-6780

Chapter 7 Bankruptcy Exemptions, El Cajon Chapter 7 Attorney

California bankruptcy exemptions protects your property from creditors. List of bankruptcy exemptions. Free consultation with a Bankruptcy Attorney, El Cajon

you live in San Diego County please don't hesitate to give me a call to get your bankruptcy started. For over 21 years I have given personal service to my clients in El Cajon in the East County of San Diego.

When you come into my office you will not be treated like a number. My law office is not a bankruptcy mill. We are honest and upfront about bankruptcy fees and costs. You get personal bankruptcy debt relief with my professional legal representation. You get quick bankruptcy filing up you providing us with the needed information, Plus with our pre-bankruptcy review you get all the debt relief you are entitled to. I personally will discuss your bankruptcy with you. I will be able to tell you if you qualify for a chapter 7 or chapter 13 bankruptcy.

Your money problems are not going to go away on their own. The creditor's calls and harassment can be stopped even if you have a judgment against you or wage garnishment. Most can be stopped. Filing for Bankruptcy is a major and important decision that in many cases improves your credit rating and ability to get credit. When you come into my office, you will notice we are not a bankruptcy mill but a professional law office that provides individual debt relief services. Services available from bankruptcy and even living trust preparation are available. Attorney Casey provides you with the time necessary to ensure that the bankruptcy process is managed in an effective manner. You will be advised and provided guidance when needed at every step in the bankruptcy process.

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Attorney Casey's philosophy is to treat every client with respect as we would expect to be treated if there was a change of events that affected our lives. The purpose of bankruptcy is to seek relief from your financial hardship, stop foreclosures, and put a stop to unreasonable creditors pursuant to the bankruptcy laws.

Chapter 7 Bankruptcy Exemptions, El Cajon Chapter 7 Attorney

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David Casey, Attorney

Office Location: 365 Broadway, Suite 203

El Cajon, California

(619) 447-6780

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We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

Exemptions Protect Assets - California Chapter 7 & Chapter 13 Bankruptcy Exemptions

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