Chapter 7 bankruptcy in California and exempt property?

I live in California and because of a divorce that went horribly wrong, I am considering Chapter 7 bankruptcy. But what is considered exempt for personal property? Are they going to come in and take all my furniture? Make me sell my car (which I own) and buy a cheaper one? How about retirement accounts (401K, IRA)? Has anyone gone through this in California?

Thanks!
To clarify, it was the debt accrued from the divorce and the resulting judgment that has created the need to file for Chapter 7. I have taken the Means Test and qualify easily.

Technorati Tags: chapter 7 bankruptcy, divorce, furniture, ira, judgment, means test, personal property, retirement accounts

Posted April 29th, 2010 in Bankruptcy Q and A. Tagged: chapter 7 bankruptcy, divorce, furniture, ira, judgment, means test, personal property, retirement accounts.

One comment:

1. jim m:

   good luck , you have nothing left after you file , they sell every thing and you get out of debt, thats it thats all , oh , and a new life

   April 29th, 2010 at 8:25 pm

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