Legal Question in Bankruptcy in California

CA System 2 - Renter & Homestead Exemption?

IN BRIEF: If I live in a rental apartment, is the

''unused portion of homestead'' exemption'' available

as part of the wild card exemption under California

System 2? (i.e., all of it)

AT LENGTH:

In the guidebook I'm reading, the description of ''homestead exemption'' is as follows:

''Real or personal property, including co-op,

used as residence to $15,000; UNUSED PORTION

of homestead may be applied to ANY property.''

[emphasis added]

AND: Under ''wild card exmption, there are two

components:

* $800 of any property

* Unsued portion of homestead or

burial exemption, of any property.

The answer should probably be obvious, but

I must admit I'm confused by the language.

Thanks . . .

1 Answer from Attorneys

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