Bankruptcy Law Blog

Citrus Heights bankruptcy attorneys are often asked if a homeowner going through reorganizational bankruptcy can sell their property during a Chapter 13 bankruptcy. While there is nothing in the US Bankruptcy law preventing you from selling the property during Chapter 13, there are significant questions to ask first. If you decide that selling a home…

Verity Health Systems filed for California Bankruptcy protection in August of 2018. The nonprofit health care system operated four San Francisco Bare Area hospitals with over $500 million in long-term debt and all healthcare facilities needing major updates. Even before their Chapter 11 bankruptcy case, the organization has been looking for buyers for its struggling…

California Bankruptcy exemptions are designed to protect your property from being sold by the bankruptcy trustee when filing for bankruptcy protection. Since California doesn’t allow debtors to utilize Federal bankruptcy exemptions, those filing for debt relief under the US Bankruptcy Code must decide between one of two sets of exemptions. These exemptions, commonly referred to…

A new law is helping utilities prevent a possible California Bankruptcy, but it appears as though the direct cost may be the burden of California utility consumers. The new law, signed in the last week of September 2018, is already drawing stringent criticism from Californians. Critics are calling the new measure, which allows California utility…

Verity Health Systems, a nonprofit healthcare system which operates four San Francisco Bay Area hospitals, filed for bankruptcy protection last week, as it explores strategic options to eliminate burdensome debt. The organization has been weighing the possibility of selling its Santa Clara County hospitals to relieve the financial pressure of $500 million in long-term debt,…

One of the highest “worry factors” surrounding filing for Chapter 7 bankruptcy in California is wondering if you will pass the “means test” required of all consumers filing for bankruptcy protection. As a Sacramento Bankruptcy Attorney firm, it’s one of the most common concerns we hear. Many individuals are surprised to hear that you are…

Some debtors look forward to tax time because that is the time that they receive large tax refunds from the IRS. Instead of receiving their fair share of monthly earnings, these taxpayers believe that their savings would be better off in the hands of government. Meanwhile many of these same workers are struggling to pay…

Debt collectors licensed in the state of California have new requirements that will go into effect starting January 1st, 2019. California Governor Jerry Brown signed Assembly Bill No. 1526 into law on September 5th, 2018, which will amend the Rosenthal Fair Debt Collection Practices Act. This Act regulates debt collection practices among the debt collectors…

The hardware supplier, Orchard Supply Hardware, started 87 years ago in 1931, will be serving its last customers in California, Florida, and other states in 2018. Orchard Supply began as Orchard Supply Farmer Co-op, a modest co-op formed by 30 farmers based in the San Jose, California area. Orchard was started and thrived in the…

Bankruptcies often land in the headlines when a big-name celebrity files for Chapter 11. We often hear of companies such as restaurants or big box retail stores in our own neighborhoods declaring bankruptcy. Even the President of the United States has owned or operated businesses that have utilized bankruptcy law to reorganize debt. So just…