The “Bankruptcy Threshold Adjustment and Technical Corrections Act”was signed into law by President Biden on June 21, 2022. This legislation raises certain bankruptcy threshold limits andmakes technical corrections to the Bankruptcy AdministrationImprovement Act. The eligibility parameters are changed for Chapter 11 Subchapter Vand Chapter 13 debtors. For Chapter 13, there is a new aggregate debt […]
Category: Bankruptcy
Bankruptcy Forms2016 Bankruptcy Forms
Bankruptcy Forms2016 Bankruptcy Forms Individualhttp://www.cacb.uscourts.gov/sites/cacb/files/documents/forms/instructions-individuals-2015.pdf Non individualhttp://www.cacb.uscourts.gov/sites/cacb/files/documents/forms/instructions-non-individuals-2015.pdf
NEW HIGHER HOMESTEAD EXEMPTION IN CALIFORNIA
NEW HIGHER HOMESTEAD EXEMPTION IN CALIFORNIA A common mis-conception that we hear from potential clients consulting our firm for the first time is that their home would be sold if they file bankruptcy. This is not the case if the available equity in a debtor’s home is exempt from liquidation.Congress allows each state to determine what […]
Debtor Electronic Bankruptcy Noticing History As Been Made…..
Debtor Electronic Bankruptcy Noticing History As Been Made….. The Bankruptcy court recently announced a new pilot project aimed at speeding up notices from the Bankruptcy Court to debtors. The Bankruptcy Court selected certain law firms handling bankruptcy cases to assist with the testing of a pilot program called & Debtor Electronic Bankruptcy Noticing; or DeBN […]
BREAKING NEWS FROM WASHINGTON
BREAKING NEWS FROM WASHINGTON Today the President signed into law four bipartisan, bicameral bills passed by Congress:H.R. 2336, the “Family Farmer Relief Act of 2019,” which increases the debt limit used to determine whether a family farmer is eligible for relief under chapter 12 of the Bankruptcy Code; H.R. 2938, the “Honoring American Veterans in […]
Don’t Loose Your Home With Bankruptcy
A common mis-conception that we hear from potential clients consulting our firm for the first time is that their home would be sold if they file bankruptcy. This is not the case if the available equity in a debtor’s home is exempt from liquidation. Congress allows each state to determine what the residents of the […]
NEW HIGHER HOMESTEAD EXEMPTION IN CALIFORNIA
A common mis-conception that we hear from potential clients consulting our firm for the first time is that their home would be sold if they file bankruptcy. This is not the case if the available equity in a debtor’s home is exempt from liquidation. Congress allows each state to determine what the residents of the […]
Bounce Back with a Bankruptcy
You know how that old horror story goes — it’s 2020. Job prospects are at zero but credit card balances are far from that. Electric bills are through the roof because of a never-ending heat wave. Landlords are patiently waiting for eviction moratoriums to expire because people just aren’t paying rent. For some, unemployment provides […]