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California Bankruptcy Exemption Calculator
Compare System 1 vs System 2 Protection Side by Side
Effective April 1, 2025 • Choose the system that protects more of your assets
Step 1: Select Your County (Affects Homestead Exemption)
Homestead exemption amounts vary by county median home prices
Important: You must choose either System 1 OR System 2 entirely. You cannot mix exemptions from both systems. Enter your asset values below to see which system protects more of your wealth.
| Asset Category | Your Current Value | System 1 Protection (CCP 704) | System 2 Protection (CCP 703) | Better System |
|---|---|---|---|---|
| PRIMARY RESIDENCE | ||||
| Home Equity Market value minus mortgage balance | $0 | $36,750 | - | |
| VEHICLES | ||||
| Vehicle #1 (Primary) Current fair market value | $0 | $0 | - | |
| Vehicle #2 (Additional) Must use wildcard in System 2 | $0 | $0 | - | |
| PERSONAL PROPERTY | ||||
| Work Tools & Equipment Professional tools, machinery | $0 | $0 | - | |
| Jewelry & Collectibles Watches, art, antiques | $0 | $0 | - | |
| Household Furnishings Furniture, appliances, clothes | $0 | $0 | - | |
| FINANCIAL ACCOUNTS | ||||
| Bank Accounts & Cash Checking, savings, cash on hand | $0 | $0 | - | |
| Life Insurance (Cash Value) Surrender value of policies | $0 | $0 | - | |
| OTHER ASSETS | ||||
| Other Valuable Items Electronics, sports equipment, etc. | $0 | $0 | - | |
| TOTAL ASSET PROTECTION | $0 | $0 | $0 | - |
System 2 Wildcard Exemption Tracker
Available Wildcard: $38,700
Wildcard Used: $0
Wildcard Remaining: $38,700
The wildcard can protect any asset. It starts at $1,950 plus unused homestead exemption (up to $38,700 total).
Recommendation
Enter your asset values above to see which system provides better protection.
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Disclaimer: This calculator provides estimates based on current California exemption amounts. Actual bankruptcy law is complex and involves many factors not included in this simplified calculator. Always consult with a qualified bankruptcy attorney before making decisions.