How Much Equity in my Home and Still File for Chapter 7 Bankruptcy

How Much Equity Can a Debtor Have in Their Home and Still File for Chapter 7 Bankruptcy?

How Much Home Equity Can a Debtor Exempt in California Bankruptcy? As California bankruptcy attorneys, we are often asked how much equity a debtor can have in their home and still file for Chapter 7 bankruptcy? The answer is simple: anyone can file for bankruptcy, but it may not be wise to if the debtor’s … Read More

New California Homestead Exemption Bankruptcy AB 1885 SB 832 2020

AB 1885 Increased Homestead Exemption Law California [Bankruptcy 2020 SB 832]

AB 1885 Signed by Governor Newsom on September 18, 2020 New California Homestead Exemption Amount (2020) Signed by Governor Gavin Newsom on September 18, 2020, AB 1885 will become effective January 1, 2021. This was noted by Gov. Newsom in an unrelated press release, which provides that: “The Governor also announced today that he has … Read More

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