Tag: chapter 7

2023 Median Income Limits: Powerful Increase

The median income limits for Chapter 7 bankruptcy means test were released and decide who can file Chapter 7 bankruptcy. These numbers will update again for California median income.

fraudlent transfer in california conveyance

Fraudulent Transfer in California Pitfalls to Avoid in Bankruptcy

Fraudulent transfer in a California bankruptcy can get your family sued as a voidable transfer. A fraudulent conveyance doesn't need fraud, due to the new UVTA to avoid transfers.

Your Home and Bankruptcy: 2023 update for new homestead exemption

You can keep your home, or lose your house, or save your home in a bankruptcy., depending. New California exemption may help, maybe. See why.

Bankruptcy and Liens – Powerful Use of 522 to Free Up a House

Bankruptcy discharges most debt. But what about judgments, bankruptcy and liens? Sometimes you can go back and clear an old lien.

Bankruptcy Process | A Road Map

Chapter 7 process is a template which can vary case to case. This is grossly over-simplified, but at least can provide a basic road map to where we're headed.

Bankruptcy statement of intention after you've declared.

Statement of Intention in Chapter 7 Bankruptcy – No Free Cars

Statement of Intention is where you put yourself back on the hook to owe a debt that would otherwise be cleared in bankruptcy. But you don't get a free car.

Reaffirm Debt & Reaffirmation Process

Reaffirmation is where you promise to keep owing debt. The reaffirmation process varies state to state, but generally, the reaffirmation process goes like this.

341 Meeting of Creditors | 2022 update: What to Expect to Ace It

341 meeting of creditors is a mandator part of every bankruptcy. The 341a meeting is where the people you owe to ask questions you answer under oath.

California Bankruptcy Exemptions | Can I Keep In Chapter 7 (2022)

Each state has rules about what you can keep in Chapter 7. In Los Angeles County -- where the Antelope Valley is -- these are ruled by the California bankruptcy exemptions.