The law that defines what you can keep despite filing bankruptcy is found in law books, you’d think. There are two alternate sets of California exemptions in the Code of Civil Procedure. The state law exemptions, for instance, permit the debtor to keep $2550 in equity in vehicles, while the California bankruptcy exemptions allow $3300. [...]
October 2009
Most likely, your lawyer didn’t screw up. Â You see, even after getting a discharge in bankruptcy, it is possible that creditors will STILL harass you. Â However, before you get mad at your bankruptcy lawyer, understand its probably not his/her fault. This may come as a surprise, but sometimes creditors simply ignore the fact that a [...]
Lawyers have a saying about trying a case: Put the skunk on the table. It means if you’ve got something really bad going on in your case, it’s best to just deal with it. Tell the judge or jury before the other side does so you can minimize the damage. It’s really no different with [...]
When filing bankruptcy, a client’s first question often involves whether or not they can keep things they own, like their home, their car, or their 401(k). These questions are important, and the answer to the question is two-fold: 1. Is there a lien against the property? 2. If no lien exists, what Bankruptcy Exemptions are [...]
frequently asked bankruptcy questions bankruptcy eligibility test changes November 1, 2009 converting from chapter 13 to chapter 7 I don’t qualify for chapter 13 chapter 13 may be your best option video: the six chapters of bankruptcy
California Homestead Amounts To Increase Governor Schwarzenegger signed into law new legislation that raises the amounts that can be claimed as a homestead in California. The law, Assembly Bill 1046 is one of several new pieces of California legislation aimed at protecting homeowners. Previously, the equity in your home was exempt from execution or in [...]
