Ok, I am on the title to my daughter's property in another state. I barely own any personal property and don't own any real property of my own. My question is, can I take advantage of the CA 704 75k homestead exemption if I don't live there and am therefore filing in California?
Mr. Berkus is correct. A homestead exemption is exactly that, your homestead, but you can use the California "wild card" exemption, which is considerably less. Please talk to an experienced BK attorney before you contemplate filing a Ch. 7 where you have non-exempt assets because the Trustee is likely to administrate (sell) them if they are of a certain value (which depends on a case by case basis).