We’re proud to announce that, on January 1, 2021, the California homestead exemption is being increased to $600,000 in San Diego County.
That means that if you file for bankruptcy, you can protect up to $600,000 in Equity in your home.
For example, if your home is worth $1,000,000, and you owe more than $400,000 in mortgages on that property, you can wipe out all of your credit card, medical or other unsecured debt without losing your home.
“This is a significant announcement and move to help countless businesses that have been affected and our Firm is setup to handle everything for you remotely through virtual meetings and 100% done-for-you online filings” said Julian McMillan, Attorney at McMillan Law Group
If you are considering bankruptcy, but have been concerned about the equity in your home, call the McMillan Law Group today for a free consultation, and to potentially reserve your case for a January 2021 filing.
This has been Signed by Governor Gavin Newsom, AB 1885 will become effective January 1, 2021 and will apply to all residents of San Diego county in California. An increase in the California homestead exemption will make the lives of homeowners easier and they will be safe from the risk of losing their homes.
About McMillan Law Group
McMillan Law Group provides trusted legal counsel in consumer litigation matters, with a dual emphasis in California Lemon Law and Consumer and Small Business Bankruptcy.
We also provide legal service in Bankruptcy and Personal bankruptcy. If you are seeking Legal advice we can be your Bankruptcy Attorney, Advocate or Counsel and give you Legal advice in these law areas.
Contact McMillan Law Group
McMillan Law Group
4655 Cass St, San Diego, CA 92109, United States
Release ID: 88985155