Selling your home? A letter to the servicer of your mortgage. You want full disclosure of what charges, fees, expenses and other “stuff” they want to collect from you when your sale closes. For all you know, they’ve stuffed your loan full of fees, not authorized by law or agreement, that pad their bottom […]
Strictly California
Assets In Your Spouse’s Name Aren’t Protected In Your Bankruptcy
Your spouse's assets can get swept up in your bankruptcy when you live in California. Because just holding an asset in the name of one spouse doesn't defeat the community property presumption. I saw it play out in a first meeting of creditors when the … Read Full Article
California Consumers Have Powerful Debt Collection Rights
California outdoes the rest of the country in its debt collection rights for consumers. Debt collectors have noticed the growing understanding of debtors about their rights to fair debt collection. And they aren't happy. The Federal law Fair Debt … Read Full Article
Whopping exemption for CA 529 college accounts
A substantial new California exemption snuck into law in 2021, the college savings account exemption. It protects 529 college savings accounts from the creditors of parents. The exemption applies in all California collections and to California … Read Full Article
