by Devin Sawdayi | Jun 11, 2013
A debtor in a California bankruptcy case claimed that her car was exempt from the bankruptcy estate under state law. The Ninth Circuit Court of Appeals found that the “wildcard” exemption provided in California law, which allows a debtor to exempt any property up to a...
by Devin Sawdayi | Jun 10, 2013
Federal tax debt is a significant factor for many individuals filing for bankruptcy protection. Celebrities like Willie Nelson have experienced widely-publicized difficulties due to taxes owed to the Internal Revenue Service (IRS). Unlike many types of debts,...
by Devin Sawdayi | Jun 9, 2013
A bankruptcy filing requires a debtor to make an extensive inventory of their assets, debts, and sources of income. In a Chapter 13 bankruptcy, the debtor must obtain the court’s approval for a plan to repay debts. In addition to employment and investment income, a...
by Devin Sawdayi | Jun 7, 2013
Tough times can affect anyone, even celebrities. Bankruptcy protection allows people to restructure or discharge debts when they do not have the income to support all of their payments. Celebrities and other prominent people have filed for bankruptcy protection...
by Devin Sawdayi | Jun 6, 2013
The graduation season is upon us, and newly-minted high school and college graduates throughout the Los Angeles area are celebrating and pondering their futures. Student loans give people a chance to get a good education, but those loans may be with the students for...
by Devin Sawdayi | May 28, 2013
Nearly three million Americans currently have student loan debt, with estimates of the total amount owed reaching as high as $1 trillion. Because of changes to federal bankruptcy law in 2005, student loan debt is not dischargeable in bankruptcy except in very limited...
by Devin Sawdayi | May 21, 2013
Student loan debt is on the rise, much like the mortgage mess we are still dealing with as a nation. In fact, student loan debt appears to have doubled since 2007, to an estimated 1.1 trillion dollars! Twenty percent of families are presently burdened by a student...
