In California, the homestead exemption is a legal provision that protects a certain amount of equity in a debtor’s primary residence from being seized or sold to satisfy debts in a bankruptcy proceeding. Homestead exemptions are laws that protect you from voluntary and involuntary liens such as taxes. The exemption allows individuals to retain a […]

Bankruptcy can provide relief to a debtor by discharging debts and providing a fresh financial start. However, bankruptcy does not provide protection from criminal prosecution. If, for example, the filer is a publicly traded company and the filer stole money from the company, there may be criminal implications because public companies have shareholders. Bankruptcy laws […]

If you are facing foreclosure on your primary home and you want to keep it, you may be able to do so through bankruptcy. Chapter 13 bankruptcy is designed to help debtors with regular income reorganize their debts and repay them over a period of three to five years. If the Debt exceeds the limits […]

There are several steps you can take to try to avoid bankruptcy and keep your business afloat: Create a budget: Review your finances and create a budget that includes all of your income and expenses. Make sure you have a clear understanding of your cash flow and where your money is going. Reduce expenses: Look […]