This is an Official form adopted by the California Judicial Council for use in California Courts.
In Santa Clara, California, the Current Dollar Amounts of Exemptions from Enforcement of Judgments refer to specific regulations that protect debtors from having certain assets seized by creditors to satisfy a judgment. These exemptions grant individuals a certain level of financial protection and ensure that they can maintain necessities and assets essential for their well-being. There are several types of exemptions available in Santa Clara, California, which include: 1. Homestead Exemption: The Homestead Exemption safeguards an individual's primary residence or dwelling from being sold to satisfy a judgment. Currently, in Santa Clara, the dollar amount exempt from enforcement is $75,000 for individuals, $100,000 for married couples or head of households, and $175,000 for individuals who are 65 years or older, disabled, or 55 years or older with limited income. 2. Motor Vehicle Exemption: Under this exemption, individuals can protect the equity in their vehicle from being seized. In Santa Clara, the current exemption limits the enforcement of judgments to $6,000. 3. Personal Property Exemption: Santa Clara provides exemptions for various types of personal property, including household furnishings, appliances, and personal effects. The exemption amount is currently set at $8,000. 4. Tools of Trade Exemption: Individuals who rely on specific tools or equipment for their livelihood can protect them from being taken by creditors. Currently, Santa Clara exempts tools and equipment worth up to $8,500. 5. Wages Exemption: This exemption ensures that debtors receive a portion of their wages to support their basic needs. Santa Clara follows the state wage garnishment laws, which generally allow creditors to garnish 25% of disposable earnings or the amount exceeding 40 times the state minimum wage, whichever is less. 6. Retirement and Pension Exemption: Santa Clara protects certain retirement accounts and pensions from being enforced upon by creditors. Exempted retirements plans often include IRAs, Roth IRAs, SEP-IRAs, Keogh plans, 401(k)s, and profit-sharing plans, among others. It is important to note that these exemptions are subject to change as new legislation is passed. Therefore, it is crucial for individuals to consult with legal professionals or review official sources to ensure they have the most up-to-date information regarding Santa Clara, California's current dollar amounts of exemptions from enforcement of judgments.In Santa Clara, California, the Current Dollar Amounts of Exemptions from Enforcement of Judgments refer to specific regulations that protect debtors from having certain assets seized by creditors to satisfy a judgment. These exemptions grant individuals a certain level of financial protection and ensure that they can maintain necessities and assets essential for their well-being. There are several types of exemptions available in Santa Clara, California, which include: 1. Homestead Exemption: The Homestead Exemption safeguards an individual's primary residence or dwelling from being sold to satisfy a judgment. Currently, in Santa Clara, the dollar amount exempt from enforcement is $75,000 for individuals, $100,000 for married couples or head of households, and $175,000 for individuals who are 65 years or older, disabled, or 55 years or older with limited income. 2. Motor Vehicle Exemption: Under this exemption, individuals can protect the equity in their vehicle from being seized. In Santa Clara, the current exemption limits the enforcement of judgments to $6,000. 3. Personal Property Exemption: Santa Clara provides exemptions for various types of personal property, including household furnishings, appliances, and personal effects. The exemption amount is currently set at $8,000. 4. Tools of Trade Exemption: Individuals who rely on specific tools or equipment for their livelihood can protect them from being taken by creditors. Currently, Santa Clara exempts tools and equipment worth up to $8,500. 5. Wages Exemption: This exemption ensures that debtors receive a portion of their wages to support their basic needs. Santa Clara follows the state wage garnishment laws, which generally allow creditors to garnish 25% of disposable earnings or the amount exceeding 40 times the state minimum wage, whichever is less. 6. Retirement and Pension Exemption: Santa Clara protects certain retirement accounts and pensions from being enforced upon by creditors. Exempted retirements plans often include IRAs, Roth IRAs, SEP-IRAs, Keogh plans, 401(k)s, and profit-sharing plans, among others. It is important to note that these exemptions are subject to change as new legislation is passed. Therefore, it is crucial for individuals to consult with legal professionals or review official sources to ensure they have the most up-to-date information regarding Santa Clara, California's current dollar amounts of exemptions from enforcement of judgments.