What are the bankruptcy exemptions in California?

California offers generous bankruptcy exemptions, allowing you to protect a significant portion of your assets. Key exemptions include:

• Homestead Exemption: Up to $75,000 – $175,000 of home equity, depending on your county and household size.
• Vehicle Exemption: Up to $4,450 for one vehicle.
• Personal Property: Various exemptions for household goods, furnishings, clothing, and tools of the trade.
• Wildcard Exemption: An additional amount you can apply to any asset.

Kostopoulos Bankruptcy Law’s attorneys in Riverside and Oakland can help you understand and maximize your California exemptions.