I know that each state is different so I was wondering if anyone could tell me where I can find the specifics for current California exemptions in both systems currently available? I'm specifically interested in the amount of equity you can have in a vehicle which can be exempted.
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Where can you find a current list of California exemption categories and amounts?
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This site is up to date for CA exemptions in both systems as of August 2007 - the latest date I can find - http://www.thebankruptcysite.org/exe...alifornia.html
System 1 - Motor vehicle or insurance if vehicle lost, destroyed or damaged up to $2,550
System 2 - Motor vehicle up to $3,300
I don't see a wildcard amount that can be used for anything you wish included in either system.
Also in case you aren't aware, keep in mind that you have to use either System 1 or System 2 for all your exemptions - no mixing across is allowed.I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
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