OPINION
Lenore Albert appeals the Bankruptcy Appellate Panels rejection of her attempt to exempt two assets from her estate. We affirm and, in doing so, clarify that a bankruptcy courts prior rejection of claimed exemptions carries preclusive weight, even after Law v. Siegel, 571 U.S. 415, 134 S.Ct. 1188, 188 L.Ed.2d 146 (2014). We further hold that the bankruptcy court properly deemed Alberts claims precluded.
I.
Albert petitioned for Chapter 13 bankruptcy and, as relevant here, sought to exempt from her estate counterclaims she had filed in state court against Ford Motor Credit Company, as well as accounts receivable from former clients. In a schedule itemizing these exemptions, Albert listed each asset as worth “$500,000 TBD.” She cited California Code of Civil Procedure sections 704.140 and 704.210 as the bases for exempting her counterclaims, and section 704.210 as the basis for exempting her accounts receivable. Section 704.140 allows debtors to keep awards arising from personal-injury suits, provided the money is needed to support the debtor or her dependents. Section 704.210 automatically exempts “[p]roperty that is not subject to enforcement of a money judgment.”
The Chapter 13 trustee and Ford, which in addition to defending against Alberts counterclaims was one of her creditors, objected to the exemptions. They argued that Albert had not shown that any recovery from her counterclaims would be necessary for her support, as section 704.140 requires, and that she identified no statute immunizing her assets from the enforcement of a money judgment, as section 704.210 requires. After a hearing the bankruptcy court sustained the objections, and Albert did not timely appeal those rulings.
Shortly thereafter, the bankruptcy court converted Alberts Chapter 13 proceeding to Chapter 7 and appointed a new trustee, Jeffrey Golden. Golden moved to settle Alberts counterclaims, and Albert amended her exemptions the following month. By and large the amended schedule remained the same as the initial one. Albert again listed her counterclaims and accounts receivable as exempt and valued at $500,000 each. The purported bases for the exemptions likewise went unchanged. But Albert now somehow claimed for herself $1.93 million of her counterclaims’ purported $500,000 value.
Golden objected that Alberts amended exemptions were identical to those the court had previously rejected and that, as a result, the doctrines of issue and claim preclusion barred their relitigation. Golden also urged the court to reject Alberts amended exemptions on the merits. Albert then tried to appeal to the BAP the orders sustaining the original objections. She argued that those orders were not final, given that the bankruptcy judge had commented at the hearing that its denial would be without prejudice. The BAP disagreed and dismissed Alberts appeal as untimely—a decision Albert never appealed.
While Albert was belatedly litigating the denial of her initial exemptions before the BAP, she failed to timely oppose Goldens objections to her amended schedule in the bankruptcy court. The night before a hearing on the matter, she submitted a 419-page document incorporating portions of her previous filings. The court declined to consider this late-filed material and denied her amended exemptions, deeming them precluded by dint of their earlier rejection. Albert unsuccessfully appealed that decision to the BAP. She then appealed to this court.
II.
We review BAP decisions de novo, applying “the same standard of review that the BAP applied to the bankruptcy courts ruling.” In re Boyajian, 564 F.3d 1088, 1090 (9th Cir. 2009). Accordingly, we review the bankruptcy courts legal conclusions de novo, its factual findings for clear error, and its application of issue preclusion for an abuse of discretion. In re Cherrett, 873 F.3d 1060, 1064 (9th Cir. 2017); Dias v. Elique, 436 F.3d 1125, 1128 (9th Cir. 2006).
III.
A.
The filing of a bankruptcy petition creates an estate comprising the debtors property, including the debtors claims against third parties. 11 U.S.C. § 541(a); Sierra Switchboard Co. v. Westinghouse Elec. Corp., 789 F.2d 705, 709 (9th Cir. 1986). In Chapter 7 proceedings, an appointed trustee liquidates the estate to satisfy creditors. 11 U.S.C. §§ 704(a)(1), 726. The debtor can, however, seek to “exempt” certain assets from the estate, and thus from liquidation, to allow for a “fresh start” after bankruptcy. Id. § 522(b)(1); United States v. Sec. Indus. Bank, 459 U.S. 70, 72 & n.1, 103 S.Ct. 407, 74 L.Ed.2d 235 (1982). The Bankruptcy Code lists exemptable property, but since California has opted out of the federal exemptions and promulgated its own, the states exemptions apply. See 11 U.S.C. § 522(b)(2); Cal. Code Civ. Proc. § 703.130; see also Gladstone v. U.S. Bancorp, 811 F.3d 1133, 1142 (9th Cir. 2016).
B.
We first address whether bankruptcy courts can deny exemptions simply because they have denied the same exemptions before. The question seems straightforward. After all, the Bankruptcy Code empowers its courts to “issue any order, process, or judgment ․ to carry out” its provisions, 11 U.S.C. § 105(a), and the Supreme Court has long applied preclusion doctrines in the bankruptcy setting, see, e.g., Katchen v. Landy, 382 U.S. 323, 334, 86 S.Ct. 467, 15 L.Ed.2d 391 (1966); Heiser v. Woodruff, 327 U.S. 726, 736, 66 S.Ct. 853, 90 L.Ed. 970 (1946). Unsurprisingly, then, the BAP has often invoked the doctrines to reject repeatedly claimed exemptions. See, e.g., In re Cogliano, 355 B.R. 792, 802–05 (9th Cir. BAP 2006); In re Magallanes, 96 B.R. 253, 256–57 (9th Cir. BAP 1988). Albert nonetheless contends that Law v. Siegel, 571 U.S. 415, 134 S.Ct. 1188, 188 L.Ed.2d 146 (2014), abrogated those decisions by barring courts from denying exemptions on equitable grounds. In her view, this prohibition includes the judicially created doctrines of issue and claim preclusion.
We disagree, as Law involved a markedly different situation. The debtor in that case unquestionably qualified for the disputed exemption under Californias exemption statutes. Id. at 423, 426, 134 S.Ct. 1188. But based on the debtors misconduct, the bankruptcy court decided to apply the exemptions value to fees the trustee had incurred sorting out the situation. Id. at 420, 134 S.Ct. 1188. The Supreme Court reversed. Pointing out that the Bankruptcy Code prohibits using exemption funds for administrative expenses like the trustees fees, the Court held that the bankruptcy court lacked authority to “surcharge” the debtors exemption. Id. at 420–22, 134 S.Ct. 1188 (discussing 11 U.S.C. § 522(k)). The Court thus reiterated the “hornbook” rule that the bankruptcy courts’ equitable powers must yield to the Codes more specific mandates. Id. at 421, 134 S.Ct. 1188; accord SEC v. U.S. Realty & Improvement Co., 310 U.S. 434, 455, 60 S.Ct. 1044, 84 L.Ed. 1293 (1940) (“A bankruptcy court ․ is guided by equitable doctrines and principles except in so far as they are inconsistent with the Act.”). And because no Code provision bars bankruptcy courts from deeming prior orders preclusive, the conflict animating Law is not present here.
Certainly, the Court in Law went on to explain that there must be a “valid statutory basis” for refusing to honor a debtors exemptions. 571 U.S. at 424, 134 S.Ct. 1188; see also id. (“[C]ourts are not authorized to create additional exceptions [to exemptions].”). But this does not help Albert. In its initial orders, the bankruptcy court determined that her counterclaims and accounts receivable failed to satisfy Californias exemption laws. These were final judgments “determin[ing] all issues regarding the claimed exemption[s].” In re Gilman, 887 F.3d 956, 961 (9th Cir. 2018) (quoting In re White, 727 F.2d 884, 886 (9th Cir. 1984)). As Albert appealed those orders too late to the BAP, and never to this court, they are binding, even if Albert believes them wrongly decided. See Federated Dept Stores, Inc. v. Moitie, 452 U.S. 394, 398, 101 S.Ct. 2424, 69 L.Ed.2d 103 (1981) (“Nor are the res judicata consequences of a final, unappealed judgment on the merits altered by the fact that the judgment may have been wrong ․”). Hence, unlike Law, where the debtor was statutorily entitled to the exemption, here Albert, by operation of the earlier orders, is not. Nothing in Law prevented the bankruptcy court from giving preclusive effect to that determination.
To hold otherwise would not only undermine the finality of exemption orders, In re Gilman, 887 F.3d at 961–64, but would considerably frustrate the trustees duty to expeditiously close the debtors estate, see In re Riverside-Linden Invest. Co., 925 F.2d 320, 322 (9th Cir. 1991). Debtors can amend their exemptions as a matter of course, Fed. R. Bankr. P. 1009(a), so if orders denying exemptions carry no preclusive weight, debtors could delay matters by claiming the same property as exempt time and time again. Debtors could also decline to meaningfully press their claims, and creditors would bear the brunt of such behavior, as the relitigation of resolved issues would drain estate—not to mention judicial—resources. Those burdens are precisely what the preclusion doctrines were designed to avoid, see Taylor v. Sturgell, 553 U.S. 880, 892, 128 S.Ct. 2161, 171 L.Ed.2d 155 (2008), and they remain available to the bankruptcy courts when ruling on previously denied claims.
C.
Having established that the bankruptcy court could disallow Alberts exemptions on preclusion grounds, we turn to whether it properly did so. Because the BAP focused on issue preclusion, we do the same. That doctrine “bars successive litigation of an issue of fact or law actually litigated and resolved in a valid court determination.” Taylor, 553 U.S. at 892, 128 S.Ct. 2161 (internal quotations and citation omitted). To prevail, the party asserting preclusion must show that the earlier issue is “identical to the one which is sought to be relitigated,” that the “first proceeding ended with a final judgment on the merits,” and that “the party against whom [issue preclusion] is asserted was a party” to the first proceeding. In re Reynoso, 477 F.3d 1117, 1122 (9th Cir. 2007) (quoting Reyns Pasta Bella, LLC v. Visa USA, Inc., 442 F.3d 741, 746 (9th Cir. 2006)).
Golden satisfied these requirements. First, Alberts initial and amended exemptions are legally identical. Her amended schedule sought to exempt the same assets as her earlier one—the counterclaims and accounts receivable—and it cited to the same California statutes in support—sections 704.140 and 704.210. So similar are the claims, in fact, that Golden incorporated the Chapter 13 trustees earlier arguments into his brief opposing Alberts amended exemptions, and Albert herself imported parts of her prior filings into her later one. Second, the bankruptcy courts initial, unappealed orders denying Alberts exemptions were final orders establishing the parties’ rights as to the assets in question.
1
See In re Gilman, 887 F.3d at 961–64; see also Offshore Sportswear, Inc. v. Vuarnet Intl, B.V., 114 F.3d 848, 851 (9th Cir. 1997) (predicating preclusion on an unappealed, but appealable, order). And third, Albert was obviously a party to the proceeding in which her claims had originally been rejected.
Albert asserts, however, that the issues are not identical because her amended schedule claimed for herself $1.93 million, rather than “$500,000 TBD,” following Goldens settlement of her personal-injury claims against Ford. It is unclear where she got this number, considering that Ford settled for $167,500, but the change is immaterial. Whatever the estimated value of Alberts counterclaims, she had to show that the amount she claimed as exempt would be necessary for her support. In re Gose, 308 B.R. 41, 47–48 (9th Cir. BAP 2004). Moreover, “the nature and extent of a debtors exemption rights are determined as of the date of the [bankruptcy] petition.” In re Reaves, 285 F.3d 1152, 1156 (9th Cir. 2002) (quoting In re Herman, 120 B.R. 127, 130 (9th Cir. BAP 1990)). So regardless of whether the claims remained contingent or had been reduced to a settlement post-petition, Alberts interest in them remained the same.
IV.
In conclusion, we do not read Law as undermining the bankruptcy courts’ ability to invoke issue and claim preclusion as bases for rejecting previously denied exemptions. The BAPs order affirming the bankruptcy courts denial of Alberts amended exemptions is therefore AFFIRMED.
FOOTNOTES
1
. Albert insists that the bankruptcy courts initial orders were not actually final. We need not dwell on this argument because the BAP rejected it, and Albert never appealed that decision. She cannot collaterally attack it now. See In re Liu, 611 B.R. 864, 881 (9th Cir. BAP 2020).
CALLAHAN, Circuit Judge: