Exemption question (confused)

[CANTDOIT]

What exemptions do i get? I don't own a home. I have seen others post about getting up to 22k in exemptions. How does that work,do you add up all your exemptions that are unused?? (If you don't have jewelry you can use it for something else.) So does that mean you can put it towards the things you want to exempt?? I live in California . I hope it makes sense...

[lrprn]

What exemptions do i get? I don't own a home. I have seen others post about getting up to 22k in exemptions. How does that work,do you add up all your exemptions that are unused?? (If you don't have jewelry you can use it for something else.) So does that mean you can put it towards the things you want to exempt?? I live in California . I hope it makes sense...

Here's the link to the California exemptions - http://los-angeles-bankruptcy.net/ca...exemptions.htm . Unlike most states, CA has two exemption options and filers select the one that matches their needs best. You have to use all of one option or all of the other - you can't mix and match between them.

In your case since you don't own a home, if you select Option 2 you can use $17,425 of the homestead exemption to cover any other property you have.

Go through the rest of the exemptions to see how both fit your situation. I'm guessing that using Option 2 may well be the best choice for your situation.

[jktrading]

Here's the link to the California exemptions - http://los-angeles-bankruptcy.net/ca...exemptions.htm . Unlike most states, CA has two exemption options and filers select the one that matches their needs best. You have to use all of one option or all of the other - you can't mix and match between them.

In your case since you don't own a home, if you select Option 2 you can use $17,425 of the homestead exemption to cover any other property you have.

Go through the rest of the exemptions to see how both fit your situation. I'm guessing that using Option 2 may well be the best choice for your situation.

Actually, it got even better in CA after 4.01.07.

http://www.bankruptcyaction.com/caexemptions.htm

Total wildcard for system 2 is $21,825 in property exemptions.

[Cali]

I posted a thread about this, http://www.bkforum.com/showthread.php?t=24526.

What exemptions do i get? I don't own a home. I have seen others post about getting up to 22k in exemptions. How does that work,do you add up all your exemptions that are unused?? (If you don't have jewelry you can use it for something else.) So does that mean you can put it towards the things you want to exempt?? I live in California . I hope it makes sense...

[CANTDOIT]

I have a truck worth 16,000 i own outright. I have an atv worth 2,500 i own outright. Do you guys thinks i will be able to keep them with my exemptions???