California Bankruptcy Exemptions System 2 (703)

Homestead

703.140(b)(1) Real or personal property, including co-op, used as a residence up to $20,725.

Personal Property

703.140(b)(1) - Burial plot up to $20,725, instead of homestead.

703.140(b)(2) - Motor vehicle up to $3,300.

703.140(b)(3) - Clothing, household goods, appliances, furnishings, animals, books, musical instruments and crops up to $525 per item.

703.140(b)(4) - Jewelry up to $1,350.

703.140(b)(5) - $15,000 of any property, less any claim for homestead or burial plot.

703.140(b)(5) - $1,100 of any property. The unused portion of the burial or household exemption for any property.

703.140(b)(9) - Health aids.

703.140(b)(11) - Wrongful death recoveries needed for support.

703.140(b) (11) - Personal injury recoveries up to $20,725, not to include pain, suffering or pecuniary loss.

Pensions

11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional and Roth IRAs up to $1,095,000 per person.

703.140(b)(10) - ERISA-qualified benefits needed for support.

Public Benefits

703.140(b)(10) - Unemployment compensation, Social Security, Veterans' benefits, and public assistance.

703.140 (b) (11) - Crime victims' compensation.

Tools of Trade

703.140(b)(6) - Tools, books and implements of trade up to $2,075.

Alimony Child Support

703.140(b)(10) - Alimony and child support needed for support.

Insurance

703.140(b)(7) - Unmatured life insurance policy, other than credit.

703.140(b)(8) - Unmatured life insurance contract accrued interest, dividends, loan, cash or surrender value up to $11,075.

703.140(b)(10) - Disability benefits.

703.140(b)(11) - Life insurance proceeds needed for support.

Misc.

703.140(b)(5) - $1,100 of any property. Any unused amount of burial or homestead exemption of any property.

Other - Add any applicable Federal Nonbankruptcy Exemptions


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All documents typed are prepared by Rica Gilmore.

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