The Importance of Homestead Declarations in Chapter 13 Bankruptcy

Admin on May 18, 2016 Posted in Bankruptcy Law, Blog, Chapter 13 Bankruptcy

Homestead declarations are a unique feature of California law that protect a certain amount of equity in your home from creditors. While not required before filing for bankruptcy (or for any legal reason), filing a homestead declaration with your local county recorder’s office is always recommended, and can be especially useful if you’re planning on […]

The Means Test and the Right Time to File for Chapter 7 Bankruptcy

Admin on May 5, 2016 Posted in Bankruptcy Law, Blog

Chapter 7 bankruptcy is the preferred type of bankruptcy for many California residents because it ultimately results in most types of debt being completely forgiven. But what keeps many debtors from filing for Chapter 7 bankruptcy is the means test. Under the means test, you must show the court that you qualify for Chapter 7 bankruptcy […]

Bar Exam Loans May Be Dischargeable in Bankruptcy

Admin on April 12, 2016 Posted in Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Student Loans

It’s well-known that federal student loans are very difficult, if not almost impossible to discharge in either Chapter 7 or Chapter 13 bankruptcy. There is another type of education loan that is lesser known to most people that is often thought of as nondischargable in bankruptcy, but a recent decision from New York indicates this […]