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Do I Need a Trust?
Why Do I Need A Trust?  In this blog post we will the main reasons to establish a trust. Bypass the probate proceeding A properly funded trust will avoid the probate process. When someone dies without a will (intestate) or with a will, they must go through a process called “probate.” Probate is a legal...
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Clients who file bankruptcy have different understandings of what their role is in the bankruptcy process.  This blog post will attempt to clarify the bankruptcy filer’s role in filing a bankruptcy case.  Over the years, we have encountered a few people who were surprised by the amount of “work” required to file a bankruptcy case. ...
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One of the most common fears relating to filing bankruptcy is that if you file bankruptcy, you will never be able to buy a house….or will have to wait 10 years in order to do so. This is one of the most commonly misunderstood aspects of bankruptcy.  A person who files for Chapter 7 bankruptcy...
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In September 2020, the State of California passed AB 1885. The new law will finally update California’s bankruptcy homestead exemptions. The new law will set homestead exemptions between $300,000 to $600,000. AB 1885 would increase that to the greater of $300,000 or the countywide median sale price of a single-family home in the calendar year...
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  On August 31, 2020 California passed Assembly Bill 3088 to help the millions of people in California struggling to pay rent as a result of Covid-19.  Based upon the new law, a tenant cannot be evicted for unpaid rent from March 4 to August 31, 2020.  Moreover, a tenant that only paid 25% of...
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There have been many ways that Covid-19 has impacted our lives.  From wearing masks for office visits, having more phone and video conference appointments, and to the different ways in that it has impacted bankruptcy filings.  One of the more interesting aspects to Covid-19 is that it has allowed individuals who otherwise would not qualify...
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Bankruptcy and Renting an Apartment
One of the most common questions I receive is, “will bankruptcy affect my ability to rent?” The short answer to this question is, “well, it depends…”. This usually means the answer is long and somewhat complicated. Filing for bankruptcy can impact many things and the ability to rent a new apartment after your bankruptcy case...
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It is common for a person filing for bankruptcy to have many different credit cards. There is a belief in the public that they can “keep” a credit card through their bankruptcy case. During most consultations, the question often arises, “Can I keep one of my credit cards out of bankruptcy?”  A fundamental rule in...
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There are many considerations prior to filing for bankruptcy.  In most cases, the debate rages inside a person’s head for many months or even years.  It is normal to want to avoid filing for bankruptcy at all costs.  People always think that filing for bankruptcy will be the biggest mistake of their lives and that...
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The Corona Virus has changed the way we all do business and socially interact with one another.  In some ways, it has resulted in people placing their lives on hold and waiting until the end of Corona Virus to resume regular, normal life.  An example of this “freeze” on regular life has been in bankruptcy...
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