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Exemption. Chapter 7 bankruptcy with a disabled spouse and two properties, one a rental, one a residence. Can the $175,000

Ventura, CA |

exemption excess from property A be applied to property B? Example property A equity $100,000, property B equity $70,000. equating to exempt status for both properties.
October 2013 using 704.730
Thank you

Attorney Answers 4


  1. The RE exemption only applies to your residence where you reside. It cannot be split.


  2. A agree with Attorney Steingrabe, your exemption is determined by your place of residence. Pleas make sure you use a qualified bankruptcy attorney for your case to make sure you get the proper advise.


  3. The exemption is used solely for your homestead. The additional amount cannot be applied to another property.

    Attorney answers to questions are for general purposes only and do not establish an attorney-client relationship. There are always specific facts that are important for an attorney to review before providing advice to a Client. In no way should you rely on the response provided herein to conduct your legal affairs on your own. You should always hire an attorney before you rely on advice provided

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