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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Property Exemptions

Many people worry about losing property when considering filing for bankruptcy.  In such cases, it makes sense to do a cost-benefit analysis.  To do this, you’ll have to look at what property will be protected in a bankruptcy and what property will be at risk of being liquidated.  To help you know what you’ll be able to keep, let’s take a brief look at California’s Bankruptcy Exemptions.

CCP 704 and CCP 703

There are two sets of bankruptcy exemptions under California law: CCP 704 and CCP 703.  You can choose only one of these sets.  An attorney will be able to help you decide which of these best suits your needs.  Each section is broken up into several different categories.  These include Homestead, Insurance, Misc., Pensions, Personal Property, Public Benefits, Tools of Trade, Wages, and, for the 703 exemptions, a Wild Card exemption.  Each category protects distinct types of property.  The qualifications and amount protected in each of these categories varies depending on which section you choose (704 or 703).  For example, the 704 exemptions provide a much greater protection of home-equity in the homestead category while the 703 offers a “wild card” exemption if no homestead exemption is used.  There are many more exemptions and your attorney can help you review these.  Each section has its ups and its downs.  Figuring out which to choose can require a great deal of thought and can be quite stressful.

To maximize how much of your property is protected and to rest assured that you are making the right decision, contact your local Yuba City bankruptcy attorney at (530) 797-4402 for a free consultation.

 

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