If the mortgage company provides your property insurance, you are not in good hands. No matter how much time it saves you. Your lender is not a good neighbor when it comes to insurance. When your insurance lapses Somehow my client let her homeowners insurance lapse. She wasn’t worried about it, she told me, because […]
Strictly California
Marital Separation Doesn’t Require Two Homes
Split the sheets in California, and your wages are no longer community property. That's because property acquired during marriage but after a marital separation isn't community property. That's been California law for a long while. The sticky wicket … Read Full Article
Creditor Must Pay If It Loses A Bankruptcy Fight
The game isn't very fair when the players are mismatched. Though bankruptcy court is hardly a game, it's been unfair when it comes to attorneys fees for the winning party. California law provides that when a contract allows one party their fees … Read Full Article
Homestead Exemptions: The Truth Isn’t What You Think
"They can't take my house, whatever happens. Right?" The young man in my office "knew" that the substantial equity in his home was exempt as a homestead, even if he filed bankruptcy. He "knew" that credit card debt was dischargeable. And that … Read Full Article
