Can I Keep My House If I File Bankruptcy?

Can I keep my house if I file Bankruptcy? If you file Chapter 7 Bankruptcy, your Chapter 7 Bankruptcy Trustee will not liquidate your house if there is no net value after the claimed exemption pursuant to the California exemption statutes, amount encumbered by your secured lender, recorded property taxes owed, recorded unavoidable judgment liens, […]

Small Business and Chapter 7 & 13 Bankruptcy Overview

As the economy recovers, small businesses are still struggling under mounting debts incurred during the recession in Sacramento, Stockton, Fairfield, and Modesto, California.  If your small business is a sole proprietorship, you might be able to save your business through Chapter 7 or 13 Bankruptcy.  Under Chapter 7 Bankruptcy, you can wipe out your business […]

Do I get to keep all my assets through Bankruptcy?

The answer depends on which Bankruptcy you file.  If you file under Chapter 7 Bankruptcy, you will lose your assets that is not protected under the California Exemptions.  If you file under Chapter 13 Bankruptcy, you can keep assets that are not protected under the California Exemption by paying your unsecured creditors through a payment plan for […]