Month: February 2021

Why is bankruptcy sometimes unavoidable?

On Behalf of The Law Office of Judith A. Descalso | Feb 23, 2021 | Chapter 11 Bankruptcy, Chapter 7 Bankruptcy

Millions of people run into financial problems, and some may find their fiscal situation becomes overwhelming and seemingly impossible to address. Persons struggling with financial problems in California have an option available to them. Filing for bankruptcy might...

Property that might be exempt in a bankruptcy case

On Behalf of The Law Office of Judith A. Descalso | Feb 8, 2021 | Bankruptcy Exemptions

If you file for bankruptcy, some of your assets may be liquidated in an effort to pay down existing debt balances. However, certain types of property may be exempt from being liquidated or otherwise taken from you. For instance, federal law says that you can keep up...