Filing for Bankruptcy in California
In this complete guide to filing for bankruptcy in California, you’ll learn about the differences between Chapters 7 and 13, debts you can eliminate or "discharge,” property you can keep using California bankruptcy exemption laws, and bankruptcy qualification requirements. You'll also learn how to organize and navigate your California bankruptcy case using checklists, a link to a DIY bankruptcy quiz, and other helpful resources.
California Bankruptcy Exemptions
California bankruptcy exemptions protect property from bankruptcy creditors, including the things you’ll need to maintain a home and job. But you might not be able to keep everything you own. In Chapter 7, you only keep property covered by California bankruptcy exemptions. In Chapter 13, you keep everything you own but pay creditors for any nonexempt property. Learning about bankruptcy exemptions before filing will help you prevent unexpected property losses in a California bankruptcy.
California Bankruptcy Exemptions
California bankruptcy exemptions protect property from bankruptcy creditors, including the things you’ll need to maintain a home and job. But you might not be able to keep everything you own. In Chapter 7, you only keep property covered by California bankruptcy exemptions. In Chapter 13, you keep everything you own but pay creditors for any nonexempt property. Learning about bankruptcy exemptions before filing will help you prevent unexpected property losses in a California bankruptcy.