We are pleased to report that thanks to the hard work of NACBA and our California membership, SB 308 passed a vote on the Senate floor today! This legislation would increase California’s state homestead exemption to $300,000 (across the board) and make several other important improvements for Californians in financial distress and bankruptcy attorneys who serve them. Please click to review a description of the bill and NACBA’s letter of support.
As many of you know, NACBA has been coordinating closely with the bill sponsor Sen. Wieckowski, his staff and our CA members to advance this legislation. Together we generated over 130 letters, emails, and phone calls to advance this effort. Many thanks to everyone who took the time to submit a letter, make a call, or enlist your clients to weigh in supportively. Today’s vote shows you can make a difference!
California members, please stay tuned for next steps as this legislation proceeds to the State Assembly. But for now, a job well done for NACBA! Kudos to everyone involved.
Chair, NACBA Legislative Committee
Educate, Advocate, Litigate