Home

California Bankruptcy Exemptions - System 2

Only The State Exemptions are Allowed

Homestead - Unused portion of homestead may be applied to any property

 

$20,725

Insurance

  • Disability or health benefits

  • Life insurance proceeds or avails needed for support

  • Unmatured life insurance contract accrued avails to $11,075

  • Unmatured life insurance policy other than credit

 

 

Miscellaneous

  • Alimony, child support needed for support

 

 

Pensions

  • ERISA qualified benefits needed for support

 

 

Personal Property

  • Animals, crops, appliances, furnishings, household goods, books, musical instruments and clothing to $525 per item

  • Burial plot to $20,725, in lieu of homestead

  • Health Aids

  • Jewelry to $1,350

  • Motor vehicle to $3,300

  • Personal injury recoveries to $20,775 (not to include pain and suffering or pecuniary loss)

  • Wrongful death recoveries needed for support

 

 

Public Benefits

  • Crime victims' compensation

  • Public Assistance

  • Social Security

  • Unemployment benefits

  • Veterans' benefits

 

 

Tools of Trade

$2,075

Wild Card = $1,100 of any property plus unused portion of homestead or burial exemption of any property. Total wildcard = $21,825

 

 

 

NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.


Home