Bankruptcy Exemptions Explained: What You KEEP (and What You Don’t) скачать в хорошем качестве

Bankruptcy Exemptions Explained: What You KEEP (and What You Don’t)

Welcome back to Bankruptcy Basics with Martha Warriner. If you are worried about losing everything when you file, this video will put your mind at ease. We break down how exemptions work, what is typically protected, and why most filers keep all of their essentials while discharging debt. You will also learn the difference between federal and state exemptions, how the wildcard works, and why California’s homestead protection can be a game-changer. Important: exemption rules vary by state and change over time. This video is for education only, not legal advice. Speak with a local bankruptcy attorney about your specific situation. Resources mentioned: U.S. Bankruptcy Courts website, Upsolve, state homestead exemption guides. If this helped, please like the video, subscribe to the channel, and share it with someone who needs it. 👉 Free Consultation (California Residents Only): 📞 760-409-7705 📧 [email protected] Chapters: 00:00 Welcome and why exemptions matter 00:20 What you can keep when you file 00:48 Exemptions explained: your legal “allowance” 01:24 What is typically protected 02:36 Key federal exemption amounts 03:11 The wildcard exemption 03:41 When you cannot use federal exemptions 04:16 2025 California homestead range 04:52 Critical requirements to qualify 05:15 You must live in the home at filing 05:35 Why exemptions are complex 06:16 Tip of the week: free consultations 07:00 Be careful with social media advice 07:24 Schedule your free consultation 07:45 Thanks for watching: like and subscribe