How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ellen Your Own Question
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
Type Your Bankruptcy Law Question Here...
Ellen is online now
A new question is answered every 9 seconds

Is the current CA wild card exemption $23,500 with system

This answer was rated:

Is the current CA wild card exemption $23,500 with system 2?

Thank you for your question. If my answer is not clear to you, I encourage you to ask me for clarification by using the reply button.

The current wildcard exemption is $1100 for any property plus the unused amount of the homestead or burial plot exemption. If you have no property to exempt, you can add your $20,725 homestead exemption to the $1,100 wild card exemption to protect up to $21,825 of any property.

Customer: replied 5 years ago.
I seam to be getting different amounts from different attorneys. Are you sure that is the most current. My bankruptcy attorney is saying $23,500, we have no homestead
I will doublecheck
Customer: replied 5 years ago.
ok thanks Its very important to get the correct amount.
It appears that your attorney is correct. My information was outdated. The wildcard exemption is $1,175 plus the unused portion of the real property exemption (total possible wildcard amount is $23,250)
Code of Civil Procedure Section 703.140
Ellen and other Bankruptcy Law Specialists are ready to help you

Related Bankruptcy Law Questions