San Fernando Valley and Santa Clarita Valley Bankruptcy Attorney
Home | Bankrupt-Law.com
Description: Los Angeles, San Fernando Valley, and Burbank California bankruptcy attorney, representing debtors in Chapter 7 and Chapter 13.
protection (3565) credit (1704) bankruptcy (1202) file (875) debt (848) chapter 7 (240) chapter 13 (221) bankrupt (54) filing for bankruptcy (16) file for bankruptcy (7)
MANY MORE CALIFORNIANS WILL BE ABLE TO FILE FOR BANKRUPTCY
Effective Friday, Jan. 1, 2021, Assembly Bill 1885 increases the amount of home equity protected against creditors, likely preventing more owners from losing their homes in bankruptcy.
The new homestead protection starts at a floor of $300,000 and caps at $600,000. The previous homestead exemption ranged from $75,000 for singles, $100,000 for a married couple and $175,000 for seniors and the disabled.
San Fernando Valley and Santa Clarita Valley Bankruptcy Attorney
Home | Bankrupt-Law.com