Question WildCard Exemption in California

[tsharpe1992]

What is the total wildcard exemption when filing a Chapter 7 in California? I am not sure if it's $21,000 or $25,000? No homestead involved. Who can give me an answer?

[2manybills]

$21,925

[tsharpe1992]

California Wildcard Exemption

So are you saying that the total California Wildcard Exemption is $21,925. My lawyer said that I can exempt $25,000. Is she wrong? I wonder where she came up with the amount of $25,000.

[2manybills]

Remember that you will be able to use parts of other exemptions, i.e., like we have a car that is work $7K. $2800 went to the car allowance and the rest came from the Wild Card. Or Tools of the trade, etc. furniture, etc.

[tsharpe1992]

California WildCard

Right, I understand that any dollar amount over the designated item would be subtracted from the wildcard. For example, if the ememption amount for a car is $3,300 but your car is worth $4000 then $700 would come off the wildcard.

But my question still is what is the wildcard amount for California $21,925 or $25,000?

[2manybills]

$21,925 is the wildcard exemption.

Here is the link:

http://www.ca-bankruptcy-attorneys.com/california_exemption_chart.html

[tsharpe1992]

California Exemption question again

Thanks for the information but the link states $20,725 where did $21,925 come from?

[mamaluv]

It's actually $21,825....20,725 for the unused homestead and 1100 wildcard.

[tsharpe1992]

California Wild Card

Thank you very much. You told my more accurate information that what my attorney has. That's scarry.

[ready2puke]

I've never seen this chart is it new? It has a special circumstances column

$21,925 is the wildcard exemption.

Here is the link:

http://www.ca-bankruptcy-attorneys.c...ion_chart.html

I've only seen the ones with Part 1 and Part 2..And I didnt think the one I saw had the 1100 wildcard..
Is this a new chart?

[2manybills]

$20,825 is the california homestead, and $1100 is the wildcard