Bankruptcy Exemptions

JCH LAW FIRM Pleased To Announce Attorney Jeff Hsu is Now a California Board Certified Bankruptcy Specialist

JCH LAW FIRM is pleased to announce that attorney Jeffrey Hsu is now a California State Bar Board Certified Legal Specialist in Bankruptcy Law as of August 1, 2014. We look forward to continuing to serve the Southern California community at large, and we hope our current and future clients feel even more confident that JCH LAW FIRM is right for their needs.      

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Is the Homestead Exemption in California Chapter 7 Bankruptcies Still What We Think It Is?

Recently I attended a great Central District Consumer Bankruptcy Attorney Association event regarding the Homestead Exemption and Chapter 7 Bankruptcies. So first of all, there’s a difference in California as it relates to Automatic Homesteads (CCP 704.710) and Declared Homesteads (CCP 704.910).  Courts under California’s jurisdiction have held that the homestead was created to allow...

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Is it Safe to File a California Chapter 7 Bankruptcy Holding Unvested Stock Options?

When a debtor obtains property after the filing which is on account of both prepetition and postpetition services, the property is divided between the debtor and the estate in the same ratio as the services. In re Jess, 215 B.R. 618 (9th Cir.BAP 1997).  So what does that mean?  Well if your stock options are dependent on your personal services, you had better pay attention.   That’s...

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