California has comparatively generous asset protection exemptions, but it is important to follow the specific rules set forth in the Bankruptcy Code. I will help you ensure that your assets are protected to the fullest extent allowed by law. I will answer all of your questions regarding asset exemption and find the best solutions to your specific financial concerns.
I will examine your situation and see which of the two California exemption laws, California Code of Civil Procedure Sections 703 or 704, is most suitable to your situation. Commonly, individuals are able to exempt certain items from bankruptcy proceedings, including:
- Real property
- Motor vehicles
- Household goods such as clothing, appliances, books, etc.
- Tools of the trade
- Life insurance
- Pension plans
As with any question about bankruptcy, it is crucial that you work with an experienced attorney. There are numerous complexities that might be overlooked by an individual attempting to file on his or her own. Contact our firm to schedule a free consultation.