In California, you have the option of using one of two bankruptcy exemption systems. These are provided by California law. One system is called the "703" exemptions and the other, "704." These numbers refer to the sections of the California Code of Civil Procedure.
Read more about the exemptions available under the 703 system in California. Please note that you must have resided in California for at least two years prior to the bankruptcy filing to use these exemptions.
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