California Bankruptcy Exemptions
What Can I Keep If I File Bankruptcy?
Many people mistakenly believe that if they file bankruptcy, they will lose all their assets. The truth is, bankruptcy laws are designed to give people in financial distress a second chance. They seek to help, not punish, filers.
Many assets are considered exempt under bankruptcy law. For specific information regarding what you are allowed to retain in a bankruptcy proceeding, talk to the lawyers at Resnik Hayes Moradi LLP. Our bankruptcy attorneys in Los Angeles have helped thousands of individuals and businesses regain control of their finances and build a foundation for a healthier financial future.
Call our offices in Los Angeles and Sherman Oaks at (213) 344-0043 to arrange a 30-minute risk-free consultation.
Chapter 7 & Chapter 13 Bankruptcy Exemptions in California
Every bankruptcy case is unique, but generally, you are allowed to keep your:
-
Home
-
Car
-
Household goods and furnishings
-
Personal belongings
-
Checking and savings accounts
-
Pension
-
401K account
-
Tools of the trade
-
Social Security benefits
-
Unemployment compensation
-
Welfare benefits
-
Other real estate, including rental property
It is important to understand that many of the exemptions are subject to value caps. The laws governing exemptions are complex and frequently change. To ensure you are getting the most complete and current information, seek counsel from a bankruptcy professional. Our attorneys welcome the opportunity to meet with you and give you specific information that applies to your situation.
Let Our Experience Be Your Guide
We are committed to helping our clients retain as many assets as possible while reaping the benefits of Chapter 7 or Chapter 13 bankruptcy. To best serve clients throughout Southern California, we maintain two offices: one in Los Angeles and one in Sherman Oaks.
To schedule a 30-minute risk-free consultation with a Los Angeles bankruptcy exemptions lawyer, contact our firm online.
Resnik Hayes Moradi LLP
Meet Our Los Angeles Bankruptcy Specialists
Testimonials
See What Our Clients Have to Say
-
Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding.
“Thank you for your great work on behalf of Ms. Johnson. Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding.”
- Skip K. -
Was very impressed with the comprehensive professionalism of the firm...
“Was very impressed with the comprehensive professionalism of the firm, especially Matthew Resnik... I had suffered through the incompetence of two previous bk lawyers not to mention fees far greater ...”
- G.L -
He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults.
“Fantastic office! I want to thank Matt for taking his time with me and sincere in his assistance. He spent over an hour with me for free during our initial consult. I left knowing exactly what's ...”
- David K. -
He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own.
“I worked with David Kritzer at this firm, and he was great. He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own thanks to ...”
- Kelly S. -
I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home.
“I needed a bankruptcy attorney in Sherman Oaks and found Matt Resnik on Google. He has one of the best-reviewed bankruptcy law firms on Yelp so I decided to check it out his law firm for myself. I ...”
- Joseph R.
We Wrote the Book on Bankruptcy
Get Your Copy Today
Committed to making the process as stress-free as possible for our clients, our Los Angeles bankruptcy attorneys and dedicated staff will handle everything for you. From filling out paperwork through getting end results, we will work to help your case run smoothly and efficiently. We serve our clients in English, Spanish and Farsi.
