What Is a Bankruptcy Petition?

A bankruptcy petition is a formal legal document filed by an individual or entity seeking protection under the bankruptcy laws. It initiates the bankruptcy process and serves as the official request for relief from overwhelming financial obligations. The bankruptcy...

What is a declared homestead?

A declared homestead is a legal form that you record with the Registrar-Recorder’s office. A declared homestead protects some of your equity for six months after you sell your home if the following three conditions are all true: You sell your home and buy another home...