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Bankruptcy Exemptions

Bankruptcy Lawyers in San Diego

When a person is in financial trouble, it can cause considerable stress and worry. There are many legal remedies that can be applied to help you eliminate your debts, such as filing for Chapter 7 or Chapter 13 bankruptcy.

If you are already considering a Chapter 7 bankruptcy, you may be concerned about the loss of your assets and property. Chapter 7 provides debt relief through the liquidation of assets. The proceeds from the liquidation are used to pay creditors and any remaining debts are discharged. State laws allow many different types of assets and property to be excluded from liquidation, oftentimes depending on their value.

This includes:

  • Wages
  • Equipment, tools, and supplies needed for work
  • Cars and other motor vehicles
  • Food, appliances, clothing
  • Jewelry and heirlooms
  • Art
  • Pensions
  • Public benefits
  • Insurance benefits
  • Personal injury compensation
  • Social Security benefits
  • Real or personal property that is occupied at the time of the bankruptcy

A San Diego bankruptcy attorney should be contacted to review your assets and determine which property you can keep. Having this information before filing for bankruptcy can help you make the best decision possible regarding your financial situation.

Call (888) 875-9190 today to schedule your free case review.

Experienced Bankruptcy Lawyer in San Diego

San Diego Legal Pros is a full-service bankruptcy law firm that provides capable assistance to clients seeking debt relief. We have many years of experience helping people with their financial problems. Our firm can evaluate your needs and develop an overall plan to help you get out of debt. This can include solutions such as debt settlement, debt negotiation, loan modification, and debt consolidation, as well as bankruptcy. When your financial future is at stake, trustworthy counsel from a knowledgeable lawyer can be extremely beneficial. Secure your representation today.

Contact a San Diego bankruptcy attorney from our office at (888) 875-9190 for more detailed information about Chapter 7 bankruptcy and how to protect your assets and property.

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