Legal Question in Bankruptcy in California
exemption system
I am helping my grandmother file chp7 bk. She has less than 15k debt to discharge and is not a homeowner. Her income consist of social security, personal pension and pension from ex-husband totalling approx $1200/mo. Personal property is basic: clothing, household items, 1990 chevy corsica and a life ins policy surrender of less than $500. Which system is best for her situation? Both pensions are ERISA qual. Thank you for your help.
Asked on 6/13/99, 4:00 pm
1 Answer from Attorneys
Mark Markus
Law Office of Mark J. Markus
Re: exemption system
If she does not own any real property, the exemptions under C.C.P. 703.140(b) would probably be best.
Answered on 6/28/99, 1:22 pm
Related Questions & Answers
-
Chapter 7 law My client recently filed chapter 7, can this person still sell... Asked 6/10/99, 4:08 am in United States California Bankruptcy Law
-
Income Tax & State Use and Sales Tax If I file for bankruptcy, will Income Tax... Asked 6/09/99, 10:33 pm in United States California Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
