After a judge or jury hands down a verdict in a civil case, the court enters a judgment. A judgment may also result from a settlement between parties. As part of a judgment, the court orders one party (the debtor) to pay money to another (the creditor). However, the debtor in a case doesn’t always…
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Understanding California’s New Homestead Exemption Law
California recently amended its homestead exemption law. A homestead exemption is a legal provision that is designed to protect the value of a resident’s home from creditors, property taxes, and circumstances that arise from the death of a spouse. California’s updated homestead exemption law sets the exemption amount at $300,000. However, this amount can be…
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