Expert Bankruptcy & Debt Relief Insights
Get the knowledge you need to make informed decisions about your financial future. Our expert legal insights
can help you navigate complex debt relief options.
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What Happens at a Zoom 341 Meeting of Creditors in the Oakland Division
Multiple questions may pop into your mind about what happens when you log in and receive a notification about the Oakland Division Zoom 341 Meeting of Creditors. Will there be a judge present? Will creditors question you? What will the trustee in bankruptcy ask? Are you in need of prepared documents? The following guide will…
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California Homestead Exemption 2026: How Much Home Equity Can You Actually Protect?
One issue that probably worries you most if you own a property in California and are concerned about bankruptcy, a lawsuit, or a creditor’s judgment is: How much of my home equity can I actually protect? The Quick Answer A substantial portion of the equity in your primary residence is protected from certain creditor collection…
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Stern v. Marshall
The 2011 United States Supreme Court ruling in the case of Stern v. Marshall has both a practical bankruptcy angle and Hollywood flair. That case concerned the longstanding litigation between Vickie Lynn Marshall, known to the public as Anna Nicole Smith, and Pierce Marshall, the son of Vickie Lynn Marshall’s former husband, J. Howard Marshall.…
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363 Sales
Upon filing a bankruptcy case, “all legal or equitable interests of the debtor in property as of the commencement of the case” becomes the property of the bankruptcy estate. If bankruptcy estate property is to be sold, such a sale is termed a “363 sale,” or a bankruptcy sale. A 363 sale is based on…
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Chapter 13 Bankruptcy Eligibility
Bankruptcy is an option for individuals struggling with mountains of debt because it provides honest debtors with a clean slate. The clean slate, in legal terms, is a discharge. The bankruptcy process provides that a debtor can discharge his or her debt so that the debtor is no longer obligated to repay certain creditors. One…
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Priorities of Unsecured Claims
Debtors who seek a fresh start through bankruptcy will often have secured and unsecured debt. Usually, the unsecured debt is greater than the secured debt. Debtors generally have significant, unsecured credit card debt. With the advent of online lenders offering quick, unsecured debt to borrowers, those lenders will likely have hold significant claims in bankruptcy…
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Lien Stripping in Chapter 13
Lien Stripping in Chapter 13 Consumers dealing with large debt and minimal prospects of repaying that debt often turn to bankruptcy to get a fresh start. Through the bankruptcy, the debtor can emerge debt-free and not have to live with collection calls and worries. The United States Bankruptcy Code (the “Code”) is confusing. What’s more,…
