Protecting Your Property – Common California Exemptions
Debtors in Bankruptcy can chose one of two exemption sets: Civil Procedure Code 703 exemptions or Civil Procedure Code 704 exemptions. See analysis below for the differences. 703 Exemptions These exemptions are generally for debtors who do not own a home or have a...
Basic Steps to Creating a Will in California
Making a will is an easy and cost-effective way to just get your affairs in order. Get some piece of mind knowing that your wishes will be honored. You get life insurance if your die unexpectedly, you get car insurance if you get in a crash but why put off making a...Eviction Moratorium Is Ending and How Filing Bankruptcy Can Help
The national eviction moratorium is set to expire on June 30, 2021. Over 7 million people are still behind on their rent. Tenants across the country are trying to get assistance from their state governments and their city and county governments. There are a variety...How Can I Pay for Bankruptcy?
Established in federal law, bankruptcy is a proven method for getting out of debt, but those in financial hardship are often uncertain about the costs involved. While you can technically file bankruptcy by yourself, experience matters tremendously and can mean the...
Struggling Businesses and Personal Guaranties Regarding Bankruptcy
When a business is struggling business owners often think ahead and wonder what would happen if they had to close the business, either with or without a bankruptcy filing. One of the first considerations is whether the principals of the company signed any personal...Guitar Center Officially Cleared to Exit Chapter 11 Bankruptcy
About one month after formally moving to restructure its debts, Guitar Center has been cleared to exit Chapter 11 bankruptcy. The 61-year-old music-retailer chain recently announced that a Virginia bankruptcy court had approved its reorganization plan. As detailed in...
When Should you Consult an Attorney About Your Debt?
The strain of 2020 has resulted in the loss of unemployment benefits, the loss of jobs, the loss of bonuses, and the loss of businesses. Living on credit day-to-day has now become a reality for millions of Americans. Total consumer debt recently hit just below $4.2...
How Creditors Can Put a Company Into Bankruptcy – The Involuntary Petition Process
An operating company can be hit with an unusual surprise: being served with an involuntary bankruptcy petition. Most of the time companies file for voluntary bankruptcy relief. But on occasion a group of creditors can come together and force a company into...
How are Half-Siblings and Step Children Dealt With in California Probate
California has a variety of intestate laws that apply if you do not have a will. If you have any half-brothers and half-sisters well, they inherit as if they were “whole” under California law. That is, your brother with whom you share a father, but not a mother, has...Social
