Saving a house from foreclosure is the single reason most people file bankruptcy. Bankruptcy stops foreclosure- that’s a given. But then what? How can bankruptcy save the house, rather than just putting off the inevitable loss? The mortgage lender has a lien on the house, and liens aren’t discharged in bankruptcy. So, how does bankruptcy […]
Strictly California
Do You Get The Bankruptcy Grubstake Exemption?
The word grubstake never appears in the Bankruptcy Code or the California Code of Civil Procedure where the exemptions available in bankruptcy cases filed in California are found. Yet every bankruptcy lawyer uses the phrase; and seemingly, every bankruptcy … Read Full Article
Means Test Means Little In Bay Area With New Census Numbers
The latest numbers used in means test for the San Francisco Bay Area after April 1, 2020 are out. They reinforce my contention that the means test is meaningless for most in Northern California. Bankruptcy's means test was sold to Congress … Read Full Article
California Statute of Limitations Gets Teeth
California law on debt collection finally has teeth. Recent changes to California law say that a debt collector must allege that the statute of limitations has not run when it files a lawsuit. No more suing on long-dead debt and winning unless the consumer … Read Full Article
