I recently took out a loan, but I am now considering bankruptcy (No asset, Chapter 7). How will this affect my proceedings?
Robert's answer
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Answered on July 21, 2015
Consult with a bankruptcy attorney, but your plight is fairly common. Worse case, you may have to delay your filing for a couple of months.
Bank Levy (not wage garnishment).
What CCP or USC exempts ordinary wages to the extent necessary to support judgment debtor?
Robert's answer
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Answered on July 15, 2015
I can't tell what is going on here based on your submission. I strongly urge you to consult with a bankruptcy attorney who can explain the...
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Chapter 7 Claim
Robert's answer
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Answered on July 15, 2015
If the claim is for a second deed of trust which was not part of the purchase price and you plan on keeping the property, the lien will not be...
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What is fraudulent conveyance?
Robert's answer
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Answered on July 14, 2015
FYI, there is a four year look back period on fraudulent conveyances of real estate in California. Which means that if you made one in the four...
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In California if only wife files chapter 7, can she still take the 100k 704 homestead exemption. Does she list 1/2 equity or all
Robert's answer
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Answered on July 13, 2015
Please keep in mind tat if your wife uses the $100,000 exemption of CCP 704, you will have to use the same exemption statute in the event yo...
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At a loss, what should I do?
Robert's answer
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Answered on July 13, 2015
Don't stress and make an appointment with an experienced bankruptcy attorney. Your Audi may very well be covered by the exemption statute...
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Before filing for divorce is a CH. 7 or 13 a good idea when spouse abandoned me?
Robert's answer
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Answered on July 13, 2015
My suspicion is that you need a divorce attorney before you need a bankruptcy attorney. The divorce attorney should e able to help you determine...
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Does a debtor in chapter 7 bankruptcy in California have a right to switch from 703 to 704 exemptions if trustee thinks equity?
Robert's answer
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Answered on July 13, 2015
In my experience, yes. But you can't mix and match. It's either 703 or 704 for the whole petition.
Chapter 7 means test. Will a leased car help the same as a financed car would help to get me qualified? ownership expense, etc.?
Robert's answer
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Answered on July 13, 2015
The car is listed on the schedule B with a note that it is leased. you also list it on Schedule G as a lease and on Schedule J as a monthly...
Archived
Chapter 7 means test. when adding up my gross YTD income from paycheck, things like Holiday, Life Insur, vacation, sick, include
Robert's answer
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Answered on July 13, 2015
You include everything and then get to subtract the mandatory employer deductions. If you have no choice on the life insurance, for example,...
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