California Bankruptcy Exemption Information
Bankruptcy trustees are charged with assessing debtors' assets to determine which of them qualify for liquidation under the state bankruptcy code. With this quick reference page, you can find some of the most commonly claimed California bankruptcy exemptions.
Homestead
Exemption is $75,000 for family member living with one or more non-owner
family members; $150,000 for a person who is 65 or older, disabled, or
who is 55 or older with an annual gross income of $15,000 or less if single or
$20,000 or less if married. $50,000 for all other persons.
Wages
75 percent of all "paid earnings" are exempt.
Automobiles
Up to $2,300 of the equity in all automobiles.
Other Property
Household furnishings, appliances, provisions, wearing apparel, and other
personal effects are 100 percent exempt if they are ordinary and
necessary. $2,300 of the aggregate equity in one or more automobiles is
exempt. $6,075 each for jewelry and personal property used in the
debtor's trade or business is exempt.
Note: Exemptions may have changed since our last update.
» Read the complete California
bankruptcy exemptions here
» Back to Bankruptcy Laws In Your State