Bankruptcy attorneys los angeles

By | Oct 17, 2014

Filing bankruptcy does not mean you are not allowed to keep any assets. Bankruptcy law allows for exemptions on properties, such as home, car, household goods and furnishing, retirement funds, tools of trade, bank accounts, according to limits prescribed by the bankruptcy code. For example, Homestead exemption for a single is ,000 and 0,000 for a married couple or unmarried individual with dependents. It increases to 5,000 for persons over 65, or disabled, or persons over 55 with low income. If you do not own a home, provisions of the California code allow you to keep assets of approximately ,000. 00 in different forms including cash or bank accounts.

Offers bankruptcy services for individuals and businesses from offices in Los Angeles, Arcadia, and Glendalele.

bankruptcy attorneys los angeles

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bankruptcy attorneys los angeles

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