Q: If I move and declare bankruptcy in another state, will the California exemptions be able to be used?
I have lived in California for 16 years.
A: Yes. If you move you will use the California exemptions until you have been in the new State for 2 years. After 2 years you would then use the new States exemptions. There are exceptions to this rule if you live in more than one new State in the 2 year time period. Talk with a bankruptcy lawyer in the State you are moving to and they will be able to advise you how this will work. Good luck!
Harlene Miller agrees with this answer
A: Exemptions are determined by the state in which you are residing in when you file. You must be a resident for 180 days.
A: You have to reside 6 months in the new jurisdiction before filing there. Better file now in California and avail yourself of the high house exemptions. Best of luck
Harlene Miller agrees with this answer
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