California and Nevada Bankruptcy Lawyers
One of the biggest questions facing people who are considering bankruptcy is, "what do I get to keep?" At Bankruptcy Law Group, PC, we can help you explore your debt relief options and determine what property you will be able to keep if you file for bankruptcy. Our attorneys are focused on helping you achieve debt relief while keeping the property you need for a fresh start.
Contact us today online or call us now to speak with an experienced California or Nevada bankruptcy attorney. For your convenience, we have law offices in Sacramento, Fairfield, and Redding, California, as well as Reno, Nevada.
California and Nevada Bankruptcy Exemptions
When filing a Chapter 7 bankruptcy or Chapter 13 bankruptcy, state law allows you to keep certain assets to help with your fresh start.
The following property is generally considered exempt, meaning you will be able to keep it after filing for bankruptcy:
- Your car up to a certain value
- Your home up to a certain value
- Furniture and household goods (aside from luxury items)
- Tools of your trade
- Social Security, welfare and unemployment benefits
- Pensions
Bankruptcy exemptions are largely determined by state law. In California, you have two options of exemptions to choose from when filing for bankruptcy. Each plan has different exemption provisions. In Nevada there is one set of exemptions. Our attorneys can work with you to explore how your assets will be handled in a bankruptcy.
Schedule Your Free Consultation & Bully Back
If you are struggling with debt and worried about losing your property, our bankruptcy attorneys are here to help. Contact us today online to schedule a free debt relief consultation with an experienced Nevada or California bankruptcy attorney. We hold regular office hours and are available evenings and weekends by appointment. We also speak Spanish.
