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Personal Exemptions in California

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    Personal Exemptions in California

    Excuse me if this is answered in another post, but I could not find it by searching.

    Code Civ. Proc., ยง 703.140(b)(3) states:

    The debtor's interest in household furnishings,
    household goods, wearing apparel, appliances, books,
    animals, crops, or musical instruments, that are held
    primarily for the personal, family, or household use of
    the debtor or a dependent of the debtor (value is of any
    particular item) - exemption value is $550.

    What I don't understand: Does the $550 aaplpy to each of the above catagories?
    ie
    Household Furnishings - $550
    Appliances - $550 etc

    or does it mean

    Stove - $550
    Fridge - $550
    Washing Machine - $550

    Thanks

    #2
    I've got them same question..

    Comment


      #3
      I posted the question on another forum and was told that it is per item, not per catagory.

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        #4
        I agree with the feedback you got from the other forum. Per item with no limit in the category.
        There are two secrets for success in life:
        1.) Never tell everything you know.

        Comment


          #5
          Hi all,

          The limit is per item, CA is very generous with exemptions.
          Stopped paying: 08/10, Filed CH7: 08/27/10 , 341 & No Asset Report: 10/6/10, Last day to object: 12/06/10, Discharged: 12/07/10, Closed: 12/08/10
          AHEM.....NOT AN ATTORNEY, NOT ADVICE, ETC, ETC

          Comment

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