About Bankruptcy Exemptions
Bankruptcy Attorney in Glendale
You have worked hard to achieve success and financial stability, but many factors can bring an unwanted affront on your best efforts. With high unemployment rates, plummeting real estate values, high levels of consumer debt and dwindling assets, many Americans wonder how they will make their paycheck or savings meet all of their needs. You may be considering bankruptcy, but have genuine concern about protecting your home and other important assets. If you file, what will you be able to keep? Will you lose all you have striven for? These are important questions that can be answered clearly by our Glendale bankruptcy attorney.
Though saddled by economic burden, you still desire to protect what possessions you may have:
- Money in the bank
- Investments and retirement funds
- Your cars
- Your home
- Other personal property that holds value to you
Many assets are eligible to be exempted when you file from bankruptcy and depending on where you live, laws and exception limits will vary. Generally speaking, you must have lived in a state for two years or more for that state's exemption laws to apply to you. In California, we have two different sets of bankruptcy exemptions. You must choose one that fits your needs best and cannot "mix and match" from the two sets. You may, however, supplement exemptions as outlined under the federal legal code.
Guidance from Our Glendale Bankruptcy Lawyer
The matter of exemptions may seem complex and confusing - it most certainly is. Fortunately, we at RJB Law Offices have years of fruitful experience and skill within the area of bankruptcy law. We can help you better understand the best course of action available, just as we have for thousands of clients within the past decade. Most importantly, your needs are first and foremost with our firm. We know you are weary from stress and strain and we want to bring to light the firmer future you have in store.
Bankruptcy exemptions can play a very important role in which direction you take. Contact a Glendale Bankruptcy Lawyer today to find out more.