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The Law Offices of Lin & Wood
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The Law Offices of Lin & Wood's posts

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How to have a successful chapter 13 reorganization bankruptcy case.

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Ever heard of the golden creditor?  Most likely not.  If you are aware of a trustee's avoidance powers you may not be aware of how a trustee gets a 10-Year look-back for fraudulent transfers.  The Golden Creditor. 

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In re Elliot; 9th BAP 2014; The interesting part of the In re Elliot 9th Circuit BAP decision is California's Automatic Homestead Exemption is applicable to property the debtor continuously resided in and not had continuous ownership of.  Ninth Circuit Bankruptcy Appellate Panel in In Re Elliot provides a clear definition of the difference between California's Declared Homestead Exemption and Automatic Homestead Exemption.   Read the entire opinion for yourself. 

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The worse the loan for a car is the more bankruptcy can usually help.

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9th Circuit Court of Appeals held Wells Fargo can freeze account holders bank account if they file for bankruptcy.  What a disappointing decision.  How does freezing money of someone who is having financial problems help anyone?  How can they eat?  Pay rent?

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If you live in San Mateo County, San Francisco County or Santa Clara County homes prices have increased substantially.  If you are considering bankruptcy and qualify to file a Chapter 7 you may want to consider filing a Chapter 13 just to make sure there are no issues regarding your house.  Some house are being bid up at sale, so that means the value you believe your house to be worth could be quite a bit more if it were actually put on the market. 

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