by Max Gardner | Aug 12, 2014 | Client Information
Depending on the amount of equity in your home, it may be exempt when filing for Chapter 7 bankruptcy. You have two state exemption systems to choose from (systems one and two) and each has a different exemption amount for homesteads. Federal exemptions are not an...
by Max Gardner | Aug 7, 2014 | Client Information
While Chapter 11 is mainly a form of bankruptcy for business entities, individuals also have the option of filing a Chapter 11 bankruptcy petition. Since Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005, individuals with...
by Max Gardner | Jul 14, 2014 | Client Information
Chapter 7 bankruptcies have a hierarchy of creditor that get paid claims that is the result of the legislative process. The totem pole was carved with an attempt at fairness and common sense, but naturally has politics painted on it. This hierarchy described below...
by Max Gardner | Jun 18, 2014 | Client Information
One of my favorite old Saturday Night Live sketches was a preview of a mock-horror movie starring John Belushi as an unwanted house guest who was sticking around too long. The name of the movie was The Thing That Wouldn’t Leave. A Bankruptcy discharge is...
by Max Gardner | May 23, 2014 | Client Information
Many years ago I read an article in the Los Angeles Times that cited a statistic to the effect that nearly all people who filed Bankruptcy, regretted it. Something like 90 percent. I am not sure how that figure was obtained. If you ask someone who filed if he/she...
