Without need of an envelop, please, here they are, in reverse order:
Most bankruptcy judges never walked a mile (or any distance) in the shoes of a consumer bankruptcy lawyers. That lack explains why a judge could say an attorney spent “too much time” counseling a debtor.
California’s homestead law fails too many, just when they really need protection for the family home. Senator Bob Wieckowski’s bill would have squared the law up with economic reality. It didn’t make it.
What’s wrong with a Chapter 13 trustee’s operations when a high percentage of debtors actually completed their plans? DOJ auditors found no shortcomings, but called nevertheless for more paper in the trustee’s file for auditors to read.
My rant on the sloppy judicial thinking behind the idea that a low dividend Chapter 13 is offensive to the system. The virtues of Chapter 13 are far more powerful than just how much creditors get paid through the plan.
Every 3 years, the caps on how much debt you can have and qualify for Chapter 13 change. This April we got new, increased limits on how much secured and unsecured debt you can owe and still access Chapter 13.
Just like the feds, California revisits the dollar amounts that quantify how much value you can have in a asset and keep the asset as exempt in bankruptcy. The state numbers went up in the triennial adjustment.
Far and away the most read post looked at the California homestead exemption and how it works to protect a family’s largest asset. Just like Superman, the homestead is powerless in the face of some situations.
Later this week, I pick my favorite posts of 2016. Let’s see how the list differs.