Source: http://sjconsumerlaw.com/bankruptcy/82-bankruptcy/105-bankruptcy-exemptions
Timestamp: 2017-03-23 20:11:20
Document Index: 226962431

Matched Legal Cases: ['§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 10132', '§ 10170', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 704', '§ 695', '§703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 703', '§ 403', '§ 8346', '§ 376', '§ 775', '§ 8130', '§ 916']

What are the exemptions allowed in California? The California bankruptcy exemptions chart, see below, details the property you can exempt or protect from creditors. You may exempt any property that falls into one of the exemptions categories below, up to the dollar amount listed. You will be able to kept this exempted property after you file bankruptcy. To keep non-exempt property, a debtor must generally pay the trustee the value of the non-exempt property. California has two sets of exemptions. You must choose System 1 or System 2 based on your circumstances. System 1 is generally indicated if you own real property. You also may use certain Federal Exemptions in addition to your California exemptions.
Real or personal property you occupy including mobile home, boat, stock cooperative, community apartment, planned development or condominium unit is exempt to the extent of: $50,000 if single and not disabled;
$75,000 for families if no other member has a homestead (if only one spouse files, may exempt one-half of amount if home held as community property and all of amount if home held as tenants in common);
$150,000 if 65 or older, physically or mentally disabled, or if 55 or older, single and earn under $15,000 or married and earn under $20,000 and creditors seek to force the sale of your home.
CCCP § 704.710CCCP § 704.720CCCP § 704.730 In re McFall, 112 B.R. 336 (9th Cir. B.A.P. 1990)
Motor vehicles to $2,300, or $2,300 in auto insurance if vehicle(s), lost, damaged or destroyed. Sale proceeds from an exempt motor vehicle are exempt for 90 days after received.
CCCP § 704.010
CCCP § 704.020
Home improvement and building materials to $2,425 if they are about to be applied to the repair or improvement of your residence. A husband and wife may not double their building materials exemption.
CCCP § 704.030
Jewelry, heirlooms and works of art to $6,075 total. A husband and wife may not double their jewelry exemption.
CCCP § 704.040
CCCP § 704.050
Tools, implements, instruments, materials, uniforms, furnishings, books, equipment, one commercial motor vehicle, one vessel, and other personal property that are reasonably necessary and actually used in the exercise of the trade, business, or profession by which you earn a livelihood to $6,075. A husband and wife may double their tools of the trade exemption if they jointly operate the trade, business, or profession by which they both earn a livelihood.
CCCP § 704.060
100% of earnings paid within 30 days are exempt if you are subject to an earnings assignment order for support. 75% of earnings paid within 30 days are exempt if you are not subject to an earnings assignment order for support.
Public benefit payments directly deposited into a bank account to $1,225 ($1,825 if joint benefit payees). Social security benefit payments directly deposited into a bank account to $2,425 ($3,650 if joint benefit payees).
Paid earnings (see Paid Earnings).
Paid retirement benefits (see Retirement Benefits).
Paid life insurance death benefit (see Life Insurance).
CCCP § 704.080
CCCP § 704.080(c)
CCCP § 704.110(d) CCCP § 704.115(d)
CCCP § 704.100(c)
Inmates’ trust fund to $1,225 if inmate is not subject to a restitution fine or similar order. If inmate is subject to a restitution fine or similar order to $300. A husband and wife are each entitled to a separate exemption or may double their inmate trust fund exemption.
CCP § 704.090
Unmatured life insurance, endowment, and annuity policies (unpaid death benefits) are 100% exempt. Unmatured life insurance, endowment, and annuity policies (loan value) are exempt to the extent of $9,700.
CCCP § 704.100 Ins. Code § 10132 Ins. Code § 10170
Public retirement benefits are exempt. Private and union retirement benefits, profit-sharing plans designed and used for retirement purposes, self-employed retirement plans, IRAs, and Keoghs are exempt to the extent necessary to provide support for you, your spouse, and your dependants when you retire.
CCCP § 704.110 CCCP § 704.115
Public employees pension plans are exempt. County employees pension plans are exempt.
All accumulated (unpaid) vacation credits of state and public employees are exempt. All paid vacation credits are treated as earnings. (See Paid Earnings).
CCCP § 704.113
Unemployment benefits paid by the state or a fraternal organization to its members is exempt. Benefits paid by a labor union due to a labor dispute are exempt.
CCCP § 704.120
CCCP § 704.130
A cause of action (claim before recovery) for personal injury is exempt. An award of damages or a settlement (lump-sum) arising out of a personal injury is exempt to the extent necessary for the support of you, your spouse, and your dependants.
Where an award of damages or a settlement arising out of a personal injury is payable in installments (structured settlement) it is treated as earnings. (See Paid Earnings).
CCCP § 704.140(a) CCCP § 704.140(b)
A cause of action (claim before recovery) for wrongful death is exempt. An award of damages or a settlement (lump-sum) arising out of a wrongful death of your spouse, or someone for whom you were a dependant, is exempt to the extent necessary for the support of you, your spouse, and your dependants.
Where an award of damages or a settlement arising out of a wrongful death of your spouse, or someone for whom you were a dependant, is payable in installments (structured settlement) it is treated as earnings. (See Paid Earnings).
CCCP § 704.150(a) CCCP § 704.150(b)
CCCP § 704.170
CCCP § 704.180
CCCP § 704.190
CCCP § 704.200
Any other property that is not subject to enforcement of a money judgment is exempt. (e.g. property that is not assignable or transferable). Licenses issued by a public entity to engage in a business, profession, or activity are not subject to enforcement of a money judgment.
CCCP § 704.210 CCCP § 695.060
PLEASE NOTE: Married couples may not double any exemptions. CCCP §703.110; In re Talmadge, 822 F.2d 1120 (9th Cir. 1987); In re Baldwin, 70 B.R. 612 (9th Cir. B.A.P. 1987).
Real or personal property you live in including mobile home, boat, stock cooperative, community apartment, planned development or condominium unit or in a burial plot is exempt to $18,675. Any unused portion of homestead exemption may be applied to any other property.
CCCP § 703.140(b)(1)
Motor vehicles are exempt to a total value of $2,975.
CCCP § 703.140(b)(2)
Household furnishings, household goods, wearing apparel, appliances, books, animals, crops, or musical instruments are exempt to $475 per item.
CCCP § 703.140(b)(3) Jewelry
Jewelry is exempt to a total value of $1,225.
CCCP § 703.140(b)(4)
Any other property to a total value of $1,000 plus any unused portion of the Homestead exemption.
CCCP § 703.140(b)(5)
Tools, implements, or professional books used in your trade to a total value of $1,875.
CCCP § 703.140(b)(6)
Unmatured life insurance (unpaid death benefit), other than credit life insurance, is 100% exempt. Accrued dividends, interest, or loan value of unmatured life insurance insuring your life or the life of your dependant and owned by you is exempt to the total value of $9,975.
CCCP § 703.140(b)(7) CCCP § 703.140(b)(8)
CCCP § 703.140(b)(11)(C)
CCCP § 703.140(b)(9)
Social Security, Unemployment Compensation, and Public Assistance Benefits are 100% exempt. Veteran’s Benefits are 100% exempt.
CCCP § 703.140(b)(10)(A) CCCP § 703.140(b)(10)(B)
CCCP § 703.140(b)(10)(C)
CCCP § 703.140(b)(10)(D)
CCCP § 703.140(b)(11)(A)
CCCP § 703.140(b)(10)(E) Wrongful Death Actions
CCCP § 703.140(b)(11)(B)
Payments on account of personal bodily injury, not including pain and suffering or compensation for actual pecuniary loss, of you or your dependant is exempt to the extent of $18,675. Payments in compensation of loss of your future earnings or the future earnings of a person for whom you are or were a dependant (parent or spouse) are exempt to the extent reasonably necessary for the support of you and your dependants.
CCCP § 703.140(b)(11)(D) CCCP § 703.140(b)(11)(E)
CIA employees Civil service employees
50 U.S.C. § 403 5 U.S.C.§ 8346
Judges, US court directors, judicial center directors, supreme court chief justice administrators Lighthouse workers
28 U.S.C. § 376 33 U.S.C. § 775
Government employees Longshoremen and harbor workers
5 U.S.C. § 8130 33 U.S.C. § 916