My question involves collection proceedings in the State of: CA
Another "what-if" question...
Suppose a party wins a judgment against me for more than I'm worth, and it's non-dischargable in bankruptcy.
I Have $15K in my checking account (that I never really use and is just there for emergencies) and a car worth $5K, that's it.
How much do I lose if this were to happen?
From my understanding of CA judgment exemptions (http://www.courts.ca.gov/documents/ej156.pdf), they can take all the money in my checking account except the last $1350.
Where can I put the money to make it exempt?
I was thinking of purchasing ~$7500 in jewelery (exemption amount) and/or putting 80% of my checking account into an ERISA-qualified retirement account (but can I even purchase this type of retirement account being self-employed?)

