Keeping Your House When Filing Bankruptcy
One of the major concerns people have about bankruptcy centers on what will happen to their personal property. Many people, in fact, put off filing for bankruptcy longer than they should have simply because they latched on to the mistaken idea that bankruptcy would cost them everything.
While this belief could not be further from the truth, it should also be noted that property exemptions are one of the most difficult and complex areas of bankruptcy law. To make the most of the debt relief opportunity bankruptcy offers, find the bankruptcy experience and knowledge you need at the bankruptcy law firm of Kodam & Associates, P.C. serving Temecula, Murrieta, and all of Southwest Riverside County.
How Do Property Exemption Limits Work in California?
California actually has two different sets of property exemption systems (found in sections 703 and 704 of the California Code of Civil Procedure). Bankruptcy filers must choose one system or the other. No exceptions.
At your first meeting with us, our attorneys will listen, evaluate your current financial situation, explain the major differences between California's two bankruptcy exemption systems and give you a professional opinion as to which one will benefit you the most. After, if you decide that bankruptcy is the right solution for your needs and would like our firm to navigate that process on your behalf — we'll provide the experience and skill needed to make that happen.
Murrieta Bankruptcy Attorneys and Temecula Bankruptcy Lawyers
Free Consultations ∙ Flexible Scheduling
If you have questions specific to your own property and exemptions, or if you know you are ready to begin bankruptcy proceedings, then we invite you to contact our offices for a free and confidential consultation. To do that, dial 951-795-4679 or 866-781-9042 (toll free) and schedule an appointment with one of our lawyers, or send us a brief e-mail message.
We regret that we are unable to accept credit cards as payment for legal services relating to bankruptcy proceedings.
