Saving your house ranks high on the list of reasons people file Chapter 13. The automatic stay stops foreclosures; Chapter 13 gives you time to fix the problem. Powerful stuff. But the stay and more time, alone, isn’t enough to save the day if you run afoul of other rules, written and unwritten, about homeownership […]
Strictly California
How Much Cash Can You Keep In Bankruptcy?
How much money can you keep when you file bankruptcy? It's not as though you won't have living expenses after you file bankruptcy. You need to know how you'll manage and what you'll have to manage with. Funding that fresh start is what exemptions are … Read Full Article
California’s New Exemptions For Money In The Bank
California has finally created a state law exemption for cash in the bank. Californians filing bankruptcy no longer face loss of all the funds in their bank accounts when they choose California's generous homestead, thanks to changes in exemption … Read Full Article
California Gets New Homestead
The California Legislature enacted a dramatic increase to the state's homestead law at the very end of the legislative session in August. It becomes effective January 1, 2021. The dollar amount of the homestead increased to a minimum of $300,000 and a … Read Full Article
