The short answer is YES under the right of setoff if you owe that same bank or credit union on a credit card or loan. When you have a savings or checking account with a bank or credit union it is very common to apply for credit cards or loans with that same financial institution […]
How Can a Creditor Levy Your Bank Account in California
It’s true: once a creditor gets a judgment against you it can take money out or your bank, credit union, or other financial institution account to pay that judgment. This blog post gets into what exactly a judgment creditor can do to levy your accounts, and what you can do to stop it. HOW CAN […]
What Happens When You Don’t Respond to a California Collection Lawsuit?
Getting lawsuit papers can be scary. A process server, or sometimes a sheriff’s deputy, may show up at the door of your home and insist on personally handing you the papers. Or this might happen at your place of work or business. It could even happen as you’re simply walking down the street. (See Service […]
Bankruptcy Limits For California Homestead Exemption
At the beginning of this year (2021) the amount of home equity a California homeowner can protect from his or her creditors greatly increased. See our blog post, Huge Increase in California Homestead Exemption, about this. This new greater protection of home equity makes understanding the federal Bankruptcy Code’s limitations on homestead exemptions all the […]
California’s Homestead Exemption- Are You Required to Reside in the Home?
The California Homestead Exemption’s Requirements of Residing in the Home and Intending to Continue Doing So The California homestead exemption amount’s huge increase at the beginning of 2021 has made it all the more important to understand when the exemption does apply to a home and when it does not. A number of practical issues […]
Discriminating in Favor of Co-Signed Debts in Bankruptcy
In a Chapter 13 bankruptcy you may be able to treat co-signed debt differently than other debts.
Should I Pay Relatives Money I Owe Them Before Filing Bankruptcy?
Avoid paying any relatives or friends any money you owe them prior to filing for bankruptcy. The money may be taken away from the relative or friend if you paid them prior to filing for bankruptcy.
Are You Required to Reaffirm Your Vehicle Loan in California?
In California, are reaffirmation agreements required in order to keep your vehicle after bankruptcy. Reaffirmation agreements are required in California.
Bankruptcy Does Not Write Off Criminal Fines or Restitution, But It Can Help.
Bankruptcy will not eliminate criminal restitution or criminal fines, but it can still help if you have been charged with a crime.