San Diego, CA asked in Bankruptcy for California

Q: What is a spousal waiver of right to claim exemptions pursuant to ccp 703.140(a)?

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1 Lawyer Answer
Jeffrey Moore
Jeffrey Moore
Answered
  • Bankruptcy Lawyer
  • Campbell, CA
  • Licensed in California

A: This is a form some Districts use when on spouse is filing bankruptcy individually (without the other spouse) and wants to use the exemption system under CCP 703.140(a) instead of CCP 703.140(a).

I suggest you look at the following link that explains the election of exemption system in detail: http://wiki.answers.com Q/What_is_a_Spousal_Waiver_of_703.140b_exemptions

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