Chapter 13 Bankruptcy Issues

Chapter 13 bankruptcy cases are applicable to individuals only. That means people including wage earners and sole proprietors meeting certain debt limits can file chapter 13, but corporations and other related entities are ineligible for chapter 13 bankruptcy.

The Art of Bidding at 363 California Bankruptcy Sales Involving Settlement Offers

Earlier this year, I helped a client purchase real property out of a chapter 11 California bankruptcy case.  The process can be confusing and stressful, but it is worthwhile for a potential buyer who has found the right real property and is willing to pay above and beyond what the next best offer is in the bankruptcy case.  It’s even more confusing for a potential buyer when real estate...

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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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Afraid That Filing Bankruptcy Will Get You Fired From Your Job??? Is There a Bankruptcy Effect on Employment?

So how does bankruptcy effect Employment status?  11 USC Section 525 gives an explanation of that.  The bankruptcy effect on employment is thus: Private Employers 525(b) says that no private employer may terminate SOLEY because of a bankruptcy.  So that means bankruptcy can actually be a reason but it cannot be the only reason.   It also says that no private employer may discriminate with...

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JCH LAW FIRM = Your Rowland Heights Bankruptcy Attorney

Need a Rowland Heights Bankruptcy Attorney?   Contact me, Attorney Jeffrey C. Hsu, with JCH LAW FIRM.   I can assist clients in the Rowland Heights area in its surrounding communities as we service the San Gabriel Valley area and all surrounding Southern California communities.   Our office is in the heart of the San Gabriel Valley region in Alhambra, CA.  Call us today at 626-999-5959 or...

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Don’t Need a Southern California Bankruptcy Attorney? Think Again!

I just ran across the website of a non-attorney business that said you don’t need a bankruptcy attorney for consumer cases, and that all consumer bankruptcy attorneys were basically overcharging for services that could be performed for a fraction of the price by non-attorneys.    This type of blanket statement is just flat out scary because it’s wrong.        When I interned for...

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Make Sure a Claim is a Claim in Your Southern California Chapter 13 Bankruptcy & Save Money.

If you are thinking about filing Southern California Chapter 13 Bankruptcy, then make sure you know how much you owe your creditors.   Most potential debtors typically focus on how much they must repay based on their disposable income, but many fail to really take a close look at what they owe. For example, oftentimes, creditors might not hold legitimate claims in bankruptcy.  Claims are...

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Can I file a Southern California Bankruptcy to Delay a Residential Eviction? It Depends….

So if you are a tenant renting an apartment, house, condo, or whatever may represent your residence, and you find yourself late on renting or unable to fulfill the lease agreement, be prepared to find yourself facing an eviction, otherwise known as an unlawful detainer action. 11 USC 362(b)(2)) says that the automatic stay doesn’t apply to tenants who file bankruptcy where the landlord...

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Learn How to Select a Good & Competent Chapter 13 Attorney in California

Selecting a good and competent chapter 13 California bankruptcy attorney is not always easy.   You have to find someone you trust, yet that attorney must also be competent at what he or she does.   One characteristic without the other will not take you very far in terms of the chapter 13 process. California Chapter 13 Bankruptcies are more involved than chapter 7 cases oftentimes because most...

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San Gabriel Valley Homeowners & Chapter 13 Bankruptcy – It May Be Your Best Chance For Financial Relief

If you are a San Gabriel Valley Homeowner in Southern California, Chapter 13 Bankruptcy may be an alternative you want to consider, particularly where you have 2 or more mortgage payments & your home is underwater in California. It is important to understand that chapter 13 bankruptcy is a structured means to create a repayment plan for all your creditors.  Oftentimes, you can cure...

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Beneficiaries of Revocable Living Trusts Facing Bankruptcy

So you are a beneficiary of a recovable living trust.   You need to file bankruptcy.   Can you?   Well, it depends.  Generally, as long as you are not the settlor and the settlor lives through your bankruptcy, your beneficiary interest is contingent, meaning it doesn’t come into your bankruptcy as property of the estate.   That’s because if the settlor is still alive, that...

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