Home >

Homestead

The homestead exemption refers to the amount of equity in one's primary residence that is exempt from liquidation by the bankruptcy court in the context of a bankruptcy action. In Chapter 7 bankruptcies, the U.S. Bankruptcy Trustee will liquidate all of the debtor's non-exempt property and apply its proceeds to outstanding priority debts. If the property is exempt, however, such as by reason of the homestead exemption, then the debtor can keep the property, no matter the amount of the debtor's debts. The amount of the homestead exemption varies according to both state and federal laws. While federal law places some minimum and maximum caps on the homestead exemption, state laws vary dramatically with regard to the amount of the homestead exemption.

Fast Facts

    Congress passed the first bankruptcy laws in 1978.
  • Article 1, Section 8 of the U.S. Constitution authorizes Congress to enact federal bankruptcy laws.

Talk to a Lawyer

Enter a zip code to speak to a Lawyer that serves your area.

Find a Lawyer

Select the type of Lawyer you need

homestead - Lawyers, Articles and Q&A

Search Results for "homestead"

Articles

Results 1-5 of 392 for "homestead"

Q&A

Results 1-5 of 14 for "homestead"

From Around the Web

Results 1-5 of 8 for "homestead"

Lawyers Near You

Type of Lawyer:
Bankruptcy change
Serving:
Los Angeles, CA change

Law Offices of Robert Higgins

112 Goliad Street

Benbrook, TX 76126

contact office

Akhkashian, LLP

1055 Wilshire Boulevard Suite 1996

Los Angeles, CA 90017

contact office

Law Offices of Zhou and Chini

790 E. Colorado Blvd

Pasadena, CA 91101

contact office

Law Offices of Patricia S. Depew

1801 Century Park East Suite 2400

Los Angeles, CA 90067

contact office

KM LAW GROUP, LLP

16000 Ventura Blvd 5th Floor

Encino, CA 91436

contact office

View All


PAID ATTORNEY ADVERTISEMENT: This Web site is a used as an advertising platform for attorneys. It is not a lawyer referral service or prepaid legal services plan. ExpertHub, Inc. is not a law firm. The sole basis for the inclusion of the participating lawyers or law firms is the payment of a fee for practice areas and geographical advertising rights. ExpertHub, Inc. does not endorse or recommend any lawyer or law firm who participates in the network. ExpertHub Inc’s websites operate 24 hours a day, and a visitor can submit their case at any time to find a lawyer, and will never be charged to use the service. The information contained herein is not legal advice. All case evaluations are performed by an attorney or law firm. Any information provided to ExpertHub, Inc. may not be protected by the attorney-client privilege. ExpertHub, Inc. is located at 7031 Koll Center Parkway, Suite 260, Pleasanton, California 94566.

Terms and Conditions | Privacy Policy

LA-WS5:0.7.14.100803.9563