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1. In California, Local community property is any property acquired by a spouse in the course of the marriage (that's not a gift or inheritance) though domiciled within the point out.The home that you and your spouse have. Residence owned by Each and every spouse individually will usually be obtainable in bankruptcy to creditors of that spouse only
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That relies on the kind of bankruptcy you qualify for. Having a Chapter seven bankruptcy, your belongings is going to be sold (other than Maybe your private home and automobile), and your creditors is going to be paid off Along with the proceeds.Nonetheless, some debts, like college student loans and taxes, will stay. You'll find rigid demands for
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