This California bankruptcy exemptions table has been updated pursuant to the revisions published by the Judicial Council of the Administrative Office of the Courts of California. California bankruptcy exemption amounts get adjusted periodically to account for inflation. These bankruptcy exemptions were last updated by the California Judicial Council to adjust for inflation on April 1, 2016.
This information is not intended to be legal advice and is only to show the differences in the systems. WARNING: Laws and regulations are subject to change. As a result, the accuracy of this exemption list is not guaranteed. Check the specific California Code Sections for any changes.
|ASSET||CALIFORNIA BANKRUPTCY EXEMPTIONS UNDER CCP §704
California – System 1 (updates effective 4/1/2016)
|CALIFORNIA BANKRUPTCY EXEMPTIONS UNDER CCP §703.140 California – System 2 (effective 4/1/2016)|
|Homestead||(Subject to residency requirement)
Real or personal property you occupy including mobile home, boat, stock cooperative, community apartment, planned development or condo to $75,000 if single and not disabled; $100,000 for families if no other member has a homestead (if only one spouse files, may exempt one-half of amount if home held as community property and all the amount if home held as tenants in common; $175,000 if 65 or older, or physically or mentally disabled; $175,000 if 55 or older, single & earn under $25,000 or married & earn under $35,000
|Real or personal property, including co-op, used as residence to $28,800; unused part of homestead may be applied to any property.See Wild Card Below.|
||Alimony, Child Support needed for support|
||ERISA-qualified benefits needed for support|
|Tools of Trade||Tools, implements, materials, instruments, uniforms, books, furnishings, equipment, vessel, one commercial motor vehicle (max. $4,850 or $9,700 with joint occupation) up to $7625 individually or $15,250 if used by both spouses in same occupation (cannot claim motor vehicle under Tools of Trade Exemption if claimed under Motor Vehicle Exemption)||Implements, books and tools of trade to $8,000|
|Wild Card||None||$1,425 of any personal property plus any unused portion of Homestead Exemption, to be partially or wholly applied to any other property (total maximum Wild Card available – $28.225).|