Legal Question in Bankruptcy in California

creditors

I need to file for bankruptcy because of my debts. I have a lawsuit pending from an automobile accident that I am sure to win. Will bankruptcy affect that money when I get it.


Asked on 5/10/04, 4:59 pm

2 Answers from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: creditors

A portion of the proceeds from the lawsuit may be exempt under California law (if it's for personal injury). The answer to your question depends on the amount you expect to receive and for what specific damages.

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Answered on 5/10/04, 5:16 pm
Robert F. Cohen Law Office of Robert F. Cohen

Re: creditors

To the extent that your award in the auto accident case is for personal injury, it should be exempt up to $17,425 under Cal. Civ. Proc. Code � 703.140(b)(11)(E). Anything more, and for property damage, perhaps can be exempt under C.C.P. � 703.140(b)(5)depending on your other assets. If I may help you with your bankruptcy, please call me at (310) 858-9771. Thanks.

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Answered on 5/10/04, 5:16 pm


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