California Bankruptcy Laws - Vehicle Exemption

Code of Civil Procedure §703.140(b)(2) "The debtor's interest, not to exceed two thousand seven hundred seventy-five dollars ($2,775) in value, in one motor vehicle." Code of Civil Procedure §703.150 requires "On April 1, 2004, and at each three-year interval ending on April 1 thereafter, the dollar amounts of exemptions ... provided in ... §703.140 in effect immediately before that date shall be adjusted..." by the judicial Conference.

Operation of California bankruptcy laws with the Code

According to 11 U.S.C. 522(l) "The debtor shall file a list of property that the debtor claims as exempt under subsection (b) of this section. If the debtor does not file such a list, a dependent of the debtor may file such a list, or may claim property as exempt from property of the estate on behalf of the debtor. Unless a party in interest objects, the property claimed as exempt on such list is exempt." The trustee, creditors, an interested party, or the court upon it's own motion, may file an objection to exemptions designated within a debtor's schedule. Denial requires notice to debtors and hearing.

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