Are you in the fortunate situation of having too much money to file bankruptcy? Let's see how you can fix that.(more…)
Congratulations! You're not one of the many people who "go through" everything they could have kept when they file a bankruptcy, so they lose a large benefit of the bankruptcy Fresh Start. You have the opposite problem. How do you keep, rather than lose to your creditors, the money that you can't protect with "exemptions"? (more…)
I'll soon be filing a Chapter 7 bankruptcy. How much money can I keep in my checking account without losing it?
Here's the deal. The trustee assigned to your bankruptcy gets to take your property, including money, for the benefit of your creditors EXCEPT for what you can "exempt". As you can see, "exemptions" are a very important subject. (more…)
I can't tell you how many times I've heard this, sometimes from a client or potential client and sometimes from others (as in "if someone has any money, they wouldn't need to come see you"). That's about as wrong as anything could be. (more…)
In California, since you get exemptions to protect some of your money and property from creditors if they sue you, do you need to file bankruptcy to protect your money and property?