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Keith F. Carr

Keith Carr’s Legal Guides

7 total

  • Bankruptcy Overview: The Automatic Stay

    WHAT IS THE AUTOMATIC STAY IN BANKRUPTCY? When a person files for bankruptcy (Chapter 7, 13, or 11), all his or her creditors are immediately prevented from attempting to collect the debt. This is called the "automatic stay." This means that filing for a bankruptcy immediately ...

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  • Chapter 11 Bankruptcy

    CHAPTER 11 OVERVIEW Chapter 11 allows a business to propose a plan of repayment for part or all debts owed to its creditors over an extended period of time. In the alternative, the plan may propose liquidation whereby the business sells all of its assets to repay creditors. In ...

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  • Chapter 13 Overview

    CHAPTER 13 DEBT CONSOLIDATION In Chapter 13, a consumer debtor completes a plan to repay his or her creditors. The plan in Chapter 13 is sometimes referred to as a "Wage Earner Plan." The debtor proposes a plan of repayment to his creditors over a period of between three to fi...

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  • Chapter 7 Bankruptcy

    CHAPTER 7 OVERVIEW Chapter 7 is sometimes called a "liquidation" or "straight" bankruptcy. In Chapter 7, a business or consumer debtor obtains a "discharge" of all debts after a Bankruptcy Trustee [appointed by the court] either liquidates the debtor's assets to pay creditors o...

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  • 6 Mistakes to Avoid when filing Bankruptcy Yourself

    Avoid these pitfalls when filing Bankruptcy on your own.

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  • Stock Options in Divorce

    Many working spouses collect stock options during marriage (especially in Silicon Valley) as a form of compensation for employment. These options are considered community property if earned, vested, and exercised during marriage. Community property will normally be acquired from ...

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  • Pre-nuptial Agreements

    Most people know of, or have heard of Pre-nuptial agreements (in California the official name is "Premarital Agreement"). These agreements are also known as "pre-nups,"California Family Code Sections 1610 to 1617 cover Premarital Agreements. A Pre-nuptial agreement is a written c...

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