Bankruptcies: They’re Increasing Bankruptcy filings were up 17% in the first half of 2023 of 2022 numbers and the surge continues. •Chapter 11 commercial filings totaled 2,973 during the first half of 2023, which was a 68% increase compared to the first half of 2022. •Small business filings, which are...
Homestead Exemptions in California Protect Your Home Part I A homestead exemption can protect a homeowner’s principal residence from creditors against loss in the case of bankruptcy, judgment or death of a spouse. The California Constitution (Cal. Const. Art. XX, § 1.5 ) protects a homestead: “[t]he Legislature shall protect,...
Bankruptcies are on the Rise Do Not Violate the Automatic Stay or Discharge Injunction The American Bankruptcy Institute issued a report on October 29th that indicated that as stimulus checks and other forms of temporary relief run out, experts are projecting an increase in personal bankruptcy filings, which have so...