Tag Archives: home equity

New Law Increases California Homestead Exemption up to $600,000

There is good news for California homeowners who are considering filing for bankruptcy protection. A new state law raises the homestead exemption — the amount of home equity that can be shielded from creditors in a Chapter 7 or Chapter 13 — to a minimum of $300,000 and a maximum of $600,000. The increase was […]

By Michael J. Berger | Published December 21, 2020 | Posted in Bankruptcy | Tagged bankruptcy, chapter 7, home equity, homestead exemption | Comments Off on New Law Increases California Homestead Exemption up to $600,000

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Tag Archives: home equity

New Law Increases California Homestead Exemption up to $600,000

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