What Are the Costs Associated with Bankruptcy Filing in California?

When you are struggling with debt and cannot keep up with monthly bills, you are certainly concerned about your expenditures down to the smallest detail. Therefore, if you are looking into bankruptcy as a solution for crushing debt, you will also be wondering about the potential costs. On the one hand, there are certain filing fees involved with your case that are part of the Chapter 7 or Chapter 13 process. On the other, you could incur costs that are indirect or considered an investment in your future. Before moving forward, you should be aware of all costs associated with bankruptcy filing in California.

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Bankruptcy Exemptions in the State of California

California’s unique approach to bankruptcy allows residents to choose state-specific exemptions instead of federal ones. These exemptions play a crucial role in protecting your assets during the bankruptcy process.

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