Contrary to what most may think, jewelry is a type of asset which you are able to keep a large amount when you file bankruptcy to get out of debt.
Category: Exemptions
Property Value Rising in Bankruptcy
Rising property values place your home at risk of being sold by the trustee down the road, so your attorney should protect you and compel abandonment.
Anticipated Tax Refunds
Be sure to discuss anticipated income tax refunds with your attorney and list them in your bankruptcy and make sure they are protected by your exemptions.
Home and Car May Be Exempt
In many cases your home and car may be exempt under your exemptions and if they are then you can keep your home and car when filing for bankruptcy.
Can I Keep My Motorcycle?
Keep a motorcycle when you file bankruptcy to get out of debt San Diego, if your bankruptcy attorney determines the bike is covered by your vehicle exemption.
Equity in Home
Understanding the meaning of equity in a home before you file bankruptcy in San Diego, can help you prevent the trustee from selling your house.
Homestead for a Trailer
When filing bankruptcy in California, your can claim the Federal or California homestead exemption for any trailer or mobile home that you are living in.
Automatic Homestead Exemption
You do not need to file a homestead declaration for your home to claim the homestead exemption in bankruptcy in California, but filing does have its advantages.
Residence Requirement
Under the residency requirement, to file bankruptcy in San Diego and use California’s exemptions, you must have resided in San Diego for at least two years.
Wild Card Exemption
The wild card exemption is one of the bankruptcy exemptions that you can apply toward protecting any property or asset when you file bankruptcy in San Diego.
Can I File If I Have Business?
There are three common situations your lawyer will be able to file bankruptcy in San Diego if you have a business with assets that you want to keep.
Can I Keep My Belongings?
The applicable Federal and California law lets you keep your assets and other belongings that are within your exemptions, when you file for bankruptcy.
Keeping Liquor Licenses
You can usually keep your liquor license in bankruptcy in San Diego, if the value alcoholic beverage license falls within your applicable exemptions.
