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He current dollar amounts of exemptions from enforcement of judgment under Code of Civil Procedure section 703.140(b) used in a case under title 11 of the United States Code (bankruptcy). These amounts are effective April 1, 2022. Unless otherwise provided by statute after that date, they will be adjusted at each three-year interval, ending on March 31. The amount of the adjustment to the prior amounts is based on the change in the annual California Consumer Price Index for All Urban Consumers f.
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FAQ
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In System 1 (also known as § 704 exemptions), you can exempt real or personal property you reside in at the time of filing for bankruptcy, including a mobile home, boat, stock cooperative, community apartment, planned development, or condominium, up to $600,000 - 704.730.
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Common household items such as: Appliances, clothing, fuel for residence, furniture, and personal effects CCP § 704.020 Exempt if “ordinarily and reasonably necessary to, and personally used or procured for use by, the judgment debtor and members of the judgment debtor's family at the judgment debtor's principal place ...
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California Bankrupty Exemptions Type of exemptionCalifornia System 1 (704)Homestead$75,000-$175,000Personal property$8,000 in tools of the trade; $8,000 in jewelry, heirlooms, and art; $3,200 in Social Security bank deposits; plus household items and medical aidsVehicle$3,0502 more rows • Oct 13, 2021
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List of property or money that is protected (exempt) from judgment collection and the code section that describes the exemption. These code sections are used when completing a Claim of Exemption (form EJ-160). Get form EJ-155. Effective: September 1, 2021.
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County and State Public retirement and pension benefits, including death benefits and judgments and awards of back payment of these benefits, in general. CCP § 704.110 Exempt. An exception exists for judgments of child, spousal, or family support, so that these may be collected from public pensions and retirements.
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If wage garnishment means that you can't pay for your family's basic needs, you can ask the court to order the debt collector to stop garnishing your wages or reduce the amount. This is called a Claim of Exemption.
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