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Updated: 2020-08-27 by
California Tools of Trade Exemptions
Federal non-bankrupcty Tools of Trade Exemptions
US Bankruptcy Code § 522 (d) Tools of Trade Exemptions
The Federal Bankruptcy Exemptions are available to you if
- you haven't lived in any state longer than 180 days for a while, or
- if your state allows the Federal exemptions as a choice.
Does California allow debtor the option of using the Federal Bankruptcy exemptions instead of state law exemptions?
No. Federal exemptions not available. Instead, California has two systems of exemptions, one of which closely mirrors the federal scheme.
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How much of your home equity is protected if you file for bankruptcy in California?
Wages are protected by federal non bankruptcy law, and by state wage garnishment laws, which are generally more generous than the Federal wage garnishment protection. There are typically exceptions to this exemption for things like child support, and other priority debts.
How much equity in your car or truck can you protect if you file for bankruptcy in California?