San Diego & Riverside County Asset Protection Attorneys


Are you looking for San Diego & Riverside County asset protection attorneys you can count on? Chang & Diamond, APC attorneys, may be able to help.

Payment Plan Available | Se Habla Español

San Diego & Riverside County Asset Protection Lawyers

Many individuals filing for bankruptcy assume that they will lose all of their personal property, especially their home and vehicle.

California bankruptcy exemptions allow bankruptcy fillers to keep certain personal property when filing for bankruptcy. However, it’s important to contact experienced asset protection lawyers. They can guide you through the bankruptcy process and maximize your bankruptcy exemptions.

After successfully helping many clients decide whether bankruptcy was right for them, the lawyers of Chang & Diamond, APC, understand that one consistent fear is the potential loss of assets. You worry that declaring bankruptcy will result in the loss of your home or your car.

Our bankruptcy lawyers serve clients just like you in San Diego & Riverside County and throughout Southern California, providing the information you need to protect your assets and become aware of exemptions that may be available to you. Contact Chang & Diamond, APC, today.

How Does Asset Protection and Exemption Work

Asset protection issues in bankruptcy revolve around the assets the filers are allowed to keep. That will depend on which exemptions you qualify for. A bankruptcy exemption allows a debtor to keep a piece of property that would otherwise be sold to pay creditors.

For example, in Chapter 7 bankruptcy, all the debtor’s non-exempt property is liquidated by a bankruptcy trustee to pay creditors. Exempt assets can be kept.

Bankruptcy is a product of federal statute. However, the laws that govern bankruptcy use state exemptions to determine which assets you can and cannot protect. These state law exemptions allow every resident to protect assets from the reach of creditors. 

Exemption laws in California are a bit more complicated than in other states. You can use California exemptions if you have lived in California for two years before filing for bankruptcy. Federal exemptions are not available.

However, there are two sets of state exemptions. You have to choose between the exemptions outlined in sections 703 and 704.

Bankruptcy Exemptions – Section 704 includes the following protections:

  • Up to $600,000 in equity in a home.
  • Up to $4,850 in the value of vehicles.
  • Jewelry, heirlooms, and works of art up to $8,725.
  • Reasonably necessary household clothes, furnishings, and appliances.

Bankruptcy Exemptions – Section 703 includes the following protections:

  • Up to $29,275 in equity in a home a filer lives in.
  • Up to $7,500 in one or more vehicles.
  • Up to $1,750 in jewelry.
  • Any item of household goods, clothes, or furniture not exceeding $725 in value.
  • Up to $1,550 in any property you own.

How Can an Experienced Lawyer Help?

The bankruptcy process offers a chance for a fresh start. But you may need help from a San Diego & Riverside CA, asset protection attorney.

Our asset protection attorneys at Chang & Diamond, APC, understand bankruptcy can be confusing and frightening. We can do everything it takes to make it as simple as possible. We can provide a list of California’s bankruptcy exemptions. Moreover, our attorneys can help you better understand your options.

Our mission is to dispel the popular myths concerning bankruptcy, one of many being that you lose all your assets after filing for bankruptcy.

The laws may be more restrictive on the matter, but many are unaware of the fact that declaring bankruptcy can actually help to protect your house, car, retirement accounts, and other assets from creditors. When you consult with the attorneys of Chang & Diamond, APC, we apply your facts to the law and tell you if any of your property is at risk.


Have More Questions on Asset Protection? Contact Chang & Diamond, APC Attorneys


At Chang & Diamond, APC, nothing is done on any case until every client perfectly understands what is and is not at risk in filing. Our philosophy of asset protection services is based on educating clients on the intricacies of bankruptcy. 

Many people fail to understand that the process of bankruptcy is complex. Your property and paycheck are important to you, and capable legal assistance can help you protect them. As you contemplate getting the legal assistance you need, it may seem that paying a lawyer’s fees is one expense too many. At Chang & Diamond, APC, we are happy to work with you on a payment arrangement. Contact our team today to schedule a free initial consultation.

Book a Free Consultation With Ease

Find out why we’re some of the best bankruptcy attorneys in San Diego