My question involves bankruptcy in the state of: CA
I want to start a business but I’m kind of paranoid and scared of the idea that I might get sued for more than I’m worth. So, for the sake of peace of mind, I would like to verify my interpretation of the wildcard exemption. Under the wildcard exemption, any combination of assets of my choice (checking account, car) would be protected up to $26K?
Also, is there ever a case where you could not be left with less than the wildcard amount (~$26K) to live off?
Thanks

