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Your Stockton bankruptcy lawyer can use California personal property exemptions to protect your assets.

Your Legal Helpers sponsoring Stockton bankruptcy lawyer can use California state law to protect the equity in your personal property. Equity is the difference between the market value of your property and the claims held against it. Listed below are some of the most common types of exemptions that your Stockton bankruptcy lawyer can use to help keep creditor's hands off your cherished possessions.

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Your Stockton bankruptcy lawyer has included this list of exemptions for educational purposes only. It is not intended as legal advice, and you should contact your bankruptcy lawyer to discuss exemptions as they relate to your situation. You should also know that this is not an exhaustive list. When you meet with your Legal Helpers sponsoring California bankruptcy lawyer at your first free consultation meeting, he will work with you to determine the other types of property that you own which may be exempt.

Here are a few important California exemptions

Homestead Exemption -- This exemption protects up to $75,000 in equity in your house and land, mobile home or boat. Additionally, your attorneys can protect $100,000 for a person who is 65 or older, disabled, or over 55 with annual gross income of $15,000 or less.

Motor Vehicle Exemption -- Your attorneys can use this exemption to protect $1,900 in value of any one motor vehicle listed in your bankruptcy.

Clothing, Textbooks, Bible, Family Pictures Exemption -- This exemption allows your attorneys to protect 100% of your interest in various personal items such as your clothing and personal heirlooms.

Life Insurance Proceeds Exemption -- This exemption can protect a payment under a life insurance contract that insured the life of an individual of whom you were a dependent, to the extent reasonably necessary for your support or the support of your dependent(s).

Alimony, Support Exemption -- Your attorneys may also be able to exempt alimony, support, or separate maintenance, to the extent reasonably necessary to help support you during filing.

Worker's Compensation Exemption -- An attorney can protect 100% of compensation you receive under California workers' compensation laws. Your lawyers can protect both 100% of your wages and 100% of the award you receive to compensate you for any permanent disability. In California, workers' compensation cases are 100% exempt. If you are injured while working then that is money you deserve and creditors will be prevented from reaching those funds.

Above are just a few of the California state exemptions that could play a major role in your case. Contact the California attorneys at Legal Helpers today to find out more. Our attorneys are always available for our clients - answering the telephones six days a week.

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