Blogs
Yesterday Apple announced the premier of the update iPhone. It looks nice, but I am happy with the older version. The announcement got me thinking about what a lot of folks think about when they are contemplating filing a Chapter 7 bankruptcy petition in California:
"What can I keep?"
Way back in ancient world history, outstanding debt meant you could be sold as a slave. Today, American values hold that a person should be a to get a fresh start. As such, here are some important exemptions that the bankruptcy court lets you keep:
$4,800 in car value
$600 of any household item
$7,175 in business tools of the trade
So, to answer the question, yes, you can keep your iPhone 5s should you need to file a chapter 7 bankruptcy petition! In fact, it is my client's experience that they usually keep everything as all their property is exempt.
Ken Jorgensen, California Attorneywww.fresnobankruptcylawgroup.com
Photo Credit: GONZALO BAEZA
I am pleased to report that our Bankruptcy Law Firm will soon be opening up an office in Bend, Oregon in order to serve the needs of a growing segment of our practice. While it looks like it will take at least a month or so before we are able to open our Bend, Oregon Bankruptcy Law Office, I am extremely happy to report that we will soon be able to offer Bend area consumers afew things that local attorneys are not currently offering. First, we will be offering real payment plans where most attorney fees and all filing fees can be paid in installments after their cases are filed. Second, we will be offering credit repair education for free to all of our Bend area clients. Finally, we will be offering non-bankruptcy services such as debt defense and pursuing collectors under the Fair Debt Collection Practices Act. 
The original post is titled , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
I am pleased to report that our Bankruptcy Law Firm will soon be opening up an office in Bend, Oregon in order to serve the needs of a growing segment of our practice. While it looks like it will take at least a month or so before we are able to open our Bend, Oregon Bankruptcy Law Office, I am extremely happy to report that we will soon be able to offer Bend area consumers afew things that local attorneys are not currently offering.
First, we will be offering real payment plans where most attorney fees and all filing fees can be paid in installments after their cases are filed. Second, we will be offering credit repair education for free to all of our Bend area clients. Finally, we will be offering non-bankruptcy services such as debt defense and pursuing collectors under the Fair Debt Collection Practices Act.
The original post is titled Bend, Oregon Bankruptcy , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
Last week, Nancy H. came to my office looking to file a Chapter 7 bankruptcy case. She had $20,000.00 or so on credit cards and no other unsecured debt. She had a condominium that had a value of $89,000.00 and a mortgage debt of approximately $80,000.00. Thus, there was some equity in her condominium, but+ Read MoreThe post The Bankruptcy Case Of Nancy H. From Chicago appeared first on David M. Siegel.
Part of our commitment as bankruptcy attorneys is to inform and educate clients about the bankruptcy process. As a part of the client-attorney team, it is important for you to understand the forms you sign as part of your bankruptcy case. You are required to sign many of the forms we will file and [...]
Part of our commitment as bankruptcy attorneys is to inform and educate clients about the bankruptcy process. As a part of the client-attorney team, it is important for you to understand the forms you sign as part of your bankruptcy case. You are required to sign many of the forms we will file and […]The post Understanding the Bankruptcy Forms appeared first on Tucson Bankruptcy Attorneys Trezza & Associates.
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 10, 2012 Furniture Brands files for Chapter 11 bankruptcy Energy Future Holdings bankruptcy coming soon Former Minnesota GOP chairman Tony Sutton declares personal bankruptcy
Small business owners can benefit from bankruptcy in a number of ways. Aside from using this powerful financial tool to help eliminate business debt, you can get legal assistance in restructuring or reorganizing your financial obligations. This may help you gain more control over business finances while remaining in business. There are a few aspects [...]
A recent potential client called the office and wanted to get started with a filing. At the meeting, we talked about a greater likelihood of Chapter 13 based upon the income of the debtor and his spouse. Today, the talk came up about Chapter 7 once again. Here is what I do in these situations:+ Read MoreThe post Everyone Wants A Chapter 7 It Seems appeared first on David M. Siegel.
The Florida Third District Court of Appeals issued its decision in Capital Factors, Inc. v. Alba Rent-a-Car, Inc., et al., 32 Fla.L.Weekly D21070 (Fla. 3rd. DCA 2007) and held that an unconfirmed arbitration award qualifies as a "debt due" by the garnishee subject to garnishment under Section, 77.01, Florida Statutes. The Court held that an arbitration award does not require judicial confirmation to be collectible by garnishment.
The Court noted that Florida looks favorably upon agreements to arbitrate and that ordinarily a decision by arbitrators are as binding and conclusive as a judgment of a court. Am. Renaissance Lines, Inc. v. Saxis Steamship Co., 502 F.2d674,678(C.A.N.Y.1974). The Court also noted that the arbitrator's award represents a liquidated amount due by the garnishee and that the award on its face was final. The contracts in this case did not state that confirmation was necessary for finality and that confirmation is not mandatory to validate an award's finality. It was pointed out that frequently confirmation of an arbitration award is not sought, but is often only sought when the prevailing party fears that the losing party will not honor the award. An unconfirmed award is a contract right that may be used as the basis for a cause of action. The Court further noted that even a disputed debt due is still subject to garnishment. Ala. Hotel Co. v. J.L.Mott Iron Works, 98 So. 825, 827 (Fla.1924).Jordan E. Bublick is a Miami Personal Bankruptcy Lawyer with over 25 years of experience in filing chapter 13 and chapter 7 bankruptcies. Miami Personal Bankruptcy Lawyer Jordan E. Bublick has filed over 8,000 chapter 13 and chapter 7 cases.
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.