by Geoffrey Purkis | Sep 4, 2023 | Uncategorized
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...
by Geoffrey Purkis | Sep 4, 2023 | Uncategorized
An automatic homestead in California is a legal protection that shields up to $600,000 of equity in your home from creditors. It is automatic because you do not need to file any paperwork to claim it. All homeowners who occupy their primary residence in California are...
by Geoffrey Purkis | Aug 24, 2023 | Uncategorized
Chapter 7 and Chapter 11 are both chapters of the United States Bankruptcy Code that pertain to businesses. They offer different approaches for addressing financial difficulties and restructuring debt. Here’s a comparison of Chapter 7 and Chapter 11 bankruptcy...
by Geoffrey Purkis | Jul 29, 2023 | Uncategorized
Chapter 13 bankruptcy is a type of bankruptcy that allows individuals to propose a repayment plan to pay all or a portion of their debts over three to five years. During this time, you are required to make monthly chapter 13 plan payments to a bankruptcy trustee who...
by Geoffrey Purkis | Jul 29, 2023 | Uncategorized
Dealing with debt collectors can be stressful- they call you non-stop and send you a lot of collection letters. It is essential to approach the situation calmly and responsibly. Be smart about how you communicate with debt collectors Debt collectors will persistently...
by Geoffrey Purkis | Jul 29, 2023 | Uncategorized
Request Validation of the Debt: First, you should send a written request to the debt collector asking them to validate the debt. In your letter, state that you are disputing the debt and request them to provide evidence that the debt is legitimate and that they have...
