Tag: chapter 7

2022 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 (2022 update on 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.