An overview of filing chapter 7 bankruptcy from the Datta law Group. For those in California, the term “allowances” as used in this article pertain to “exemptions” under California law. In California we use 703 or 704 exemptions and the amounts of each exemption vary with the category of asset. In short, if you’re filing bankruptcy in Santa Rosa don’t rely on the exemption (or allowance) amounts used in this article, but do take note that the author recommends that you consult with a local bankruptcy attorney.
Sacramento Attorney Blog 