The Law Offices of Rob R. Nichols

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North Hollywood, CA 91601

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The Law Offices of Rob R. Nichols

What Are The Chapter 7 Bankruptcy Exemption Rules For Your State?

Bankruptcy exemptions in California are pretty generous compared to other states. In short, exemptions mean the things you get to keep after bankruptcy. California is unique in that it has two different “tracks” of exemptions, called the 703’s & 704’s, a reference to the code sections utilized in your particular case. The 704’s include the homestead exemption for homeowners and the 703’s include a “wildcard” that can be used for anything. Careful exemption planning is often crucial to the success of your case.

Rob Nichols

About the Author I am dedicated to providing you with the personal attention
you need. You will be assisted at all times by me and I will
answer your questions, not paralegals and secretaries.