California  |  Credit and Debt Law

Legal Question

Asked on: 7/12/13, 10:52 am

After filing claim of exemption on bank levy, the creditor's lawyer filed opposition to claim. They responded that "the item or items claimed as exempt are not exempt under the statutes relied upon in the claim of exemption. The exemption claimant has the burden of proof when claiming an exemption from enforcement of a judgement. Claimant failed to properly trace funds pursuant to 703.080." I live in California. What does this mean in layman's terms? Thanks

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