Years of uncertainty and indifference, rooted in the automatic stay and a homeowner’s ongoing obligation on their mortgage after bankruptcy, has ended with a new rule. Mortgage servicers must now send monthly statements to borrowers in bankruptcy under a new CFPB rule effective April, 2018. The earlier version of the rule, adopted in 2014, […]
Strictly California
California Garnishment Now Provides Greater Protection Of Wages
Workers making close to the California minimum wage got additional protection from wage garnishments under a change in the law effective in 2013. With the annual increases in the state minimum wage, in 2019 California law now protects an employee's weekly … Read Full Article
Why Bankruptcy Means Test Is Paper Tiger In Bay Area
Bankruptcy's means test is a paper tiger in the San Francisco Bay Area. Really! You can see why few Bay Area residents are constrained by the means test when you compare the latest median income figures used in the means test with the allowed cost of … Read Full Article
Does Marriage Make Me Liable For My Spouse’s Debts
Countless times, a client announces that he won't marry the love of his life until he's fixed his debt problems. Noble thought, but unnecessary in California. Even though we have a community property system of marital property. His bride will not become … Read Full Article
