Foreclosure is coming. Whether by choice or circumstances, you know the bank will take the house. Should you start packing immediately? The way banks are currently operating, the answer is: not yet, not soon, not for a long time. For one of my clients, the answer to how long was well more than 735 days. And they did […]
Strictly California
California Community Property Creates A Marital Threesome
Sounds kinky, doesn't it? Three players in a marriage. Sharing. Everything. Only this is something you can talk about openly, without blushing: community property. Community property is the default property arrangement in California … Read Full Article
File Bankruptcy And Leave A Legacy
Elders in California enjoy enhanced state exemptions that protect them from debt collectors. Those protections often make it unnecessary for a debt-laden senior to file bankruptcy. But no one talks about one consequence of relying on exemption … Read Full Article
Debt Collectors Distort Community Property Law
Debt collectors claim you are personally liable for your spouse, or ex-spouse's, debts. That's a (convenient) lie. California community property law is complicated. I get it. It shouldn't surprise me that debt collectors don't understand community … Read Full Article
