married same-sex couple and 703.140 exemptions
Posted: Thu Jan 07, 2010 4:13 pm
No question but that they must file separate petitions.
The issue is whether they must share exemptions.
Since exemptions are creatures of CA law, CA law would control.
Someone posted a portion of the CCP which said that even if they file
separate, married couples can share only one homestead.
I do not know if this applies to other exemptions as well as the homestead,
i.e. the wildcard.
Check statutory provisions first.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
dbcommons
Sent: Thursday, January 07, 2010 10:39 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] married same-sex couple and 703.140 exemptions
Listmates:
I am looking at a situation somewhat similar to the domestic partner
disucussion that has been carried on here recently. Clients are married
same-sex couple (married legally in CA during the interim period). There are
assets that need to be protected with the wild card exemption. I will file
separately for them (with "married" marked and explained). I would very much
like to be able to use the wild card for each filer. 703.140(a)(2) refers
specifically to "husband or a wife"--does this allow me to use it twice? In
re-reading this section I am asking myself if I've missed something in the
past--can spouses (same sex or different sex) filing separately each claim
the 703.140(b) exemptions?
Thanks in advance for your insights,
David Commons
Message
No question but that they
must file separate petitions.
The issue is whether they
must share exemptions.
Since exemptions are
creatures of CA law, CA law would control.
Someone posted a portion of
the CCP which said that even if they file separate, married couples can share
only one homestead.
I do not know if this
applies to other exemptions as well as the homestead, i.e. the
wildcard.
Check statutory provisions
first.
David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.