Thank you for your question.
As long as your occupy your residence as your primary residence, it will qualify for the $30,000 California homestead exemption. [38-41-201; 38-41-201.6]
To protection your home, you may want to file a Homestead Declaration which is a legal document which can help to protect your house and property. You should be able to obtain a copy of the form from the County Assessor's office.
In order to have your wages garnished, your creditor would send paperwork to your employer to find out how much you make. In the event that you are unemployed, due to your lay off, you may not have wages to be garnished.
Your creditor is only able to obtain one judgment against your for this claim. Therefore unless they are suing you for another reason, it is unlikely that your creditor will be able to obtain additional judgments against you.
Apart from owning a home, it sounds like you may be fairly judgment proof. You may want to consult with a local bankruptcy attorney who can evaluate your financials with you to see whether bankruptcy is a feasible option for you.
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